my concern is the 400+million shares that will be around if the deal with DIO goes through. Is DIO a good asset? sure it is. Is it worth 2 for 1 Ramelius shares, well thats exactly my worry. Paying a premium in cash is one thing, but paying a premium in stock/script is a totally different story. RMS stuffed up big time with the dividend 2yrs ago only to go to market for more cash soon after, therefore we already have a precedent, i just hope that this is not one of those cases again. The chance that RMS will be seeing anywhere near its record highs any time soon has virtually been blown out of the water. I need a lot more convincing from RMS, the stock hasnt exactly been on any huge recovery since the GFC unlike a lot of other gold stocks out there. I would have much rather had Wattle dam proven first, RMS rerated, and to go from there. Time will tell.
I hold RMS. Have also held on and off for last 5 years.
my concern is the 400+million shares that will be around if the...
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Last
$1.90 |
Change
0.030(1.60%) |
Mkt cap ! $2.171B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.89 | $6.303M | 3.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 82778 | $1.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.90 | 114974 | 13 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |