Time will tell on that !
I have thought RMS have overpaid at times but in the end , so far , with a long history of acquisitions I haven't seen one turn out a "bad investment " so trusing this isn't the first .
Penny was expensive but will provide some lovely icing for the cake !
Exceptional grades allowing higher production for a couple of years at least .
I tried to calc. RMS PE assuming second half same as first and got 8.5 .
SLR I just took from comsec and then allowed for the price drop today and got 13.7 .
Those tax losses for SLR and maybe some blue sky for the future projects but quite a bit factored in .
If it was a horse race we'll have to see which is the better "stayer ' over distance .
RMS well positioned a head behind on the rails (and we do have the right emblem for that ).
Ann: Financial Results for the Six Months to 31 December 2021, page-35
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.606B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 29957 | $2.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |