Gold price is struggling at these levels
and with it goes the RMS share price....until.
My associates and I continue to hold [and are building] a substantial RMS position mainly because it offers a low risk exposure to a rising ( and falling ) gold price.
That it remains still independent and therefore quoted is a surprise given the undeniable fundamentals of sustainable mines at 2 separate locations. It is perceived in the professional ranks as higher risk arising from its diminished ,published resource position and a stated 4 year Run of mine life . That may not change for some months ..but it's my belief that this perceived weakness will be addressed by the company ..and by the wider universe of investors. It should be remembered that the market's implied enterprise value in its mines has been persistently low for a few years. There was a time when Mt Magnet + Vivien was valued in the stockmarket ( after deducting the RMS cash position from its Market Cap) at a paltry $4million !
So, be assured the stockmarket regularly gets its wrong Mr Singh.
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Last
$1.97 |
Change
0.110(5.91%) |
Mkt cap ! $2.251B |
Open | High | Low | Value | Volume |
$1.90 | $1.97 | $1.90 | $13.19M | 6.759M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 21345 | $1.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.97 | 134094 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22915 | 1.945 |
1 | 3967 | 1.940 |
1 | 3967 | 1.935 |
1 | 3967 | 1.930 |
2 | 7567 | 1.925 |
Price($) | Vol. | No. |
---|---|---|
1.990 | 10000 | 1 |
2.000 | 5263 | 1 |
2.010 | 4000 | 1 |
2.020 | 5190 | 1 |
2.040 | 6000 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$1.96 |
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Change
0.110 ( 4.79 %) |
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Open | High | Low | Volume | ||
$1.91 | $1.96 | $1.90 | 1077252 | ||
Last updated 15.59pm 31/05/2024 ? |
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