You posted: "I am of the belief that RMS is over valued..."
RMS's enterprise value is currently 2.34X it's annual AISC margin. Good luck selling the "over-valued" label.
Further, RMS just checked in with a marginal miss on production but within guidance on a A$1525 upper bound AISC, despite having a 'hub and spokes' business model that relies on a lot of diesel fuel, and Covid to boot. MZ and Tim Manners continue to be excellent managers.
Apart from the potential for a broad market crash, and in my case a concern with the board chair, RMS is a screaming buy.
gold correction target $1, page-75
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Last
$2.05 |
Change
0.060(3.02%) |
Mkt cap ! $2.342B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $2.01 | $3.433M | 1.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75394 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.05 | 88728 | 7 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
$2.04 |
Change
0.060 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| $2.04 | $2.06 | $2.02 | 810577 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| RMS (ASX) Chart |