but I am wondering why the directors priced the rights offer at such a relatively high price ...being a 10% discount to the then prevailing market price of 20 cents?
At today's shareprice the market is valuing the mining interests at a derisory $11m ...for assets that include a high grade 500K oz resource ( Vivien) of 8grams.
The fact that Sprott has invested $5m at 20 cents in the placement ..to facilitate the down payment on Vivien is significant . Sprott is a highly regarded Canadian fund manager- expert in precious metal investment. They would know that there are few high grade gold resources to invest in Australia today. So I am wondering if they will sweep up the balance of the substantial shortfall from the rights issue .If they get to 20% this would be a major plus .
For the longer term holder RMS must be cheap at these prices .
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Last
$2.12 |
Change
-0.020(0.93%) |
Mkt cap ! $2.416B |
Open | High | Low | Value | Volume |
$2.13 | $2.15 | $2.09 | $966.7K | 456.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 30904 | $2.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.13 | 15213 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 30410 | 2.120 |
16 | 100460 | 2.110 |
17 | 154441 | 2.100 |
19 | 114795 | 2.090 |
9 | 46195 | 2.080 |
Price($) | Vol. | No. |
---|---|---|
2.130 | 13253 | 12 |
2.140 | 97178 | 22 |
2.150 | 56153 | 11 |
2.160 | 39819 | 8 |
2.170 | 36522 | 6 |
Last trade - 12.25pm 07/10/2024 (20 minute delay) ? |
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