Maybe other companies strategy is more sound? Maybe those companies are less uncertain? Maybe they have decent mine portfolio? Maybe replenishment of reserves is performed via genuine exploration activities rather than some off purchase? Maybe they can fund it via debt facility that RMS fights valiantly against using?
Don't get me wrong, RMS price will go up (by a bit) if POG rises, however because it's managed by super risk averse guys, there's no nice leverage to rising POG. And I'll say it once more, if I'd like to be risk averse I'd buy bonds, and not junior mining company.
Ann: Results of AGM, page-26
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Last
$1.94 |
Change
-0.060(3.01%) |
Mkt cap ! $2.214B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.00 | $1.94 | $5.181M | 2.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69014 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 3271 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |