Strange goings on at present - RMS had a big share dump in mid September after being given the shaft by gold ETFs - now has formed a 60c double bottom chart formation and closed up again at 81.5c - RMS has continuing support after the recent Euroz Hartley Gold conference.
SBM is up about 10% from its 46c low, but as yet hasn't attracted a formal M&A bid, despite being down 90% from its 2018 high ...... its in play !
RED on the other hand is anchored to its recent CR price of 16c - this wont last - this is the bottom IMHO.
With the focus very much on AISC, the attraction of the KOTH plant lowest regional processing cost, and its build design enabling production expansion, means its the logical Leonora region hub consolidation site.
It should be apparent that after full commissioning is declared, and the (apparent) M&A negotiations are complete and declared, RED will rerate.
Post full commission, and especially if accompanied by M&A news, the SP will gravitate quickly towards 30c ... IMHO.
Perhaps then, the criticism of the BOD and management will abate ?
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Last
31.5¢ |
Change
-0.025(7.35%) |
Mkt cap ! $2.142B |
Open | High | Low | Value | Volume |
32.5¢ | 33.0¢ | 30.8¢ | $14.28M | 45.24M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 1674903 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.0¢ | 282750 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 1674903 | 0.310 |
31 | 1159029 | 0.305 |
52 | 1211897 | 0.300 |
9 | 466024 | 0.295 |
16 | 827952 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 282750 | 9 |
0.325 | 759923 | 14 |
0.330 | 1626543 | 17 |
0.335 | 209819 | 5 |
0.340 | 520871 | 10 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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