@eshmun
It appears RMS is struggling to find buyers.
Is the price too high ?? I don't think so but buyers are not bidding.
Not much reaction from yesterday's announcement as management had already flagged what to expect.
To me it really doesn't matter if the cash balance is 100 Million or 90 million at the end of June quarter.
What is more important is if RMS can make profit quarter after quarter, grow resources & reserves at the same time for many many years.
I know you said 48c was possible by the June quarter, but it has easily surpassed that. Only thing bothers me is that the rise from 47-54 has been on a very low volume.
Is it trading at full valuation!!
What is your view now. Please let us know if you don't mind.
Thank you.
@eshmun It appears RMS is struggling to find buyers. Is the...
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Last
$1.94 |
Change
-0.060(3.00%) |
Mkt cap ! $2.219B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $1.97 | $1.93 | $6.531M | 3.362M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 63723 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 33487 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |