It may not be RMS - we will not know until the substantial holder notice arrives which should be this week. At this stage whoever it is may just want a blocking stake in SPR to stop another miner doing a takeover. If it is RMS it is an unusual tactic for them but its possible they have other M&A on the boil. At the current POG RMS will have another $200m of cash in 4 months maybe even $700m!
The SP may fall but it will still be elevated while the possibility of TO is around even if its not for at least 4 months. Then there are other short term catalysts including updated MRE and maiden reserve in addition to drill results.
If its not RMS then the situation is a lot more intriguing!
It may not be RMS - we will not know until the substantial...
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Last
98.5¢ |
Change
0.095(10.7%) |
Mkt cap ! $1.088B | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | $1.00 | 90.0¢ | $6.153M | 6.372M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200000 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 16444 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SPR (ASX) Chart |