"The Ramelius Board adopted a smart strategy , which produced an ultimate cash windfall with their last minute counter offer to acquire Dioro ...upping the Avoca low ball bid ."
I don't get your reasoning here. How smart was it to bloat the shares on issue from 200m to 300m for a lousy $60 million they did not need when production was coming on stream and a river of gold to follow?
Have you any idea how much one share in RMS would be worth now if there were only 200m shares on issue. I don't but given the laws of supply and demand, I can guess it would be a hell of a lot more than $1.30.
The Dioro deal was plain dumb ignorance and it is only the stella grades that have protected the shareprice from the dumbest mining management team West of Broken Hill.
grade is king /cash to secure grade ! , page-2
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Last
$1.87 |
Change
-0.070(3.61%) |
Mkt cap ! $2.137B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.93 | $1.87 | $4.239M | 2.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1484 | $1.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 28072 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |