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1.74%

$2.26 ramelius resources limited

He WAS an executive chairman of NST.

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ellimb

4,987 Posts.

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24/09/24

19:46

Post #: 75819474
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Originally posted by tangs ↑

no
did you follow my logic in the last post ?
SPR has surpassed it's fimdamental value by a long way ....big expectations are built into SP.

You will have seen SPR SP level off ....I think eventually we'll see it dip to more realisitic proportions for a company with small resource and no reserves .

I approve of what RMS have done with SPR .....both the stake ...and not making a takeover offer ....good sound judgement in the circumstances in my view .
Lets see what we can see ....I'm no geo btw ....but clearly there will be more resource firmed up by SPR .....whether enough to justify this mkt cap or not is yet to be seen ......I would say that would be about 1mill oz or a bit less .

Unlike SPR ....RMS are making a mint of money NOW ....and paying divi's ......not tempted by SPR at this price in conmparison .

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He WAS an executive chairman of NST.

RMS Price at posting: $2.21 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $2.26		Change -0.040(1.74%)		Mkt cap ! $2.594B

Open	High	Low	Value	Volume
$2.27	$2.29	$2.24	$1.801M	798.6K

Buyers (Bids)

No.	Vol.	Price($)
26	73111	$2.25

Sellers (Offers)

Price($)	Vol.	No.
$2.26	19101	18

View Market Depth

No.	Vol.	Price($)
12	28071	2.260
22	140257	2.250
28	201522	2.240
16	68568	2.230
12	113023	2.220

Price($)	Vol.	No.
2.270	42598	16
2.280	130086	17
2.290	152585	15
2.300	79465	18
2.310	243753	7

Last trade - 12.01pm 27/09/2024 (20 minute delay)

RMS (ASX) Chart