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 ).
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4 | 56643 | 2.310 |
8 | 49522 | 2.300 |
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2 | 8448 | 2.280 |
Price($) | Vol. | No. |
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2.350 | 35394 | 1 |
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