Enterprise value (market cap - cash in the bank) just dropped under $1B.
Crazy. This, for a company generating simple cash flow ( oz production * (spot price - AISC)) of $300 million/year.
My assumption is that sellers see the fantastic opportunity offered by general equities, during the upcoming global Covid recovery. Great. How does that make low P/E companies, with solid businesses, sells?
Patience is going to be rewarded. Heck, at these numbers RMS could buy back their stock in under four years.
Ann: Tampia Update, page-52
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 (20min delay)
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Last
$1.86 |
Change
0.018(0.95%) |
Mkt cap ! $2.100B | |||
| Open | High | Low | Value | Volume |
| $1.87 | $1.88 | $1.83 | $1.876M | 1.013M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 22250 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 13952 | 13 |
View Market Depth
| Last trade - 12.40pm 18/06/2024 (20 minute delay) ? |
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Last
$1.88 |
Change
0.018 ( 2.17 %) |
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| Open | High | Low | Volume | ||
| $1.87 | $1.88 | $1.83 | 510812 | ||
| Last updated 12.56pm 18/06/2024 ? | |||||
| RMS (ASX) Chart |