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
$2.08 |
Change
-0.035(1.66%) |
Mkt cap ! $2.371B | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.12 | $2.06 | $3.232M | 1.550M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 58609 | $2.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.08 | 80534 | 54 |
View Market Depth
| Last trade - 15.45pm 22/05/2024 (20 minute delay) ? |
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Last
$2.09 |
Change
-0.035 ( 0.94 %) |
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| Open | High | Low | Volume | ||
| $2.11 | $2.12 | $2.06 | 644169 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
| RMS (ASX) Chart |