Last 3 days have seen bot trades and 27m shares traded. Lets get real this is only 4% of total shares issued so I do not think any nstos have dropped out.
I reckon the price at 3 June of 98.5 cents has been continually managed down by bots with 42m shares traded from 3 June to now representing 6% of shares issued.
I think RMS is worth a $1 now and + if it finds more gold.
This may be a takeover strategy. Drive the share price down then make a cheap takeover offer. These companies get away with selling their shares to themselves because they only care if the price goes down for takeover.
The 5 year plan maybe a clean the decks strategy for the RMS management but it has left RMS open to this debacle.
I am holding because I think this is a manufactured stall in sp and there is at least a 33 cents upside in a few months when the dust settles.
Keep The Faith
Gold Investors Unite
Bot trades for takeover strategy
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 (20min delay)
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Last
$2.03 |
Change
0.010(0.50%) |
Mkt cap ! $2.324B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.03 | $2.00 | $7.448M | 3.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 111978 | 14 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RMS (ASX) Chart |