"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.
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Last
$1.90 |
Change
0.030(1.60%) |
Mkt cap ! $2.171B |
Open | High | Low | Value | Volume |
$1.91 | $1.92 | $1.89 | $6.303M | 3.314M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 82778 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.90 | 114974 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17632 | 1.895 |
6 | 43816 | 1.890 |
8 | 115285 | 1.885 |
4 | 58466 | 1.880 |
1 | 3993 | 1.875 |
Price($) | Vol. | No. |
---|---|---|
1.900 | 114974 | 13 |
1.905 | 3993 | 1 |
1.910 | 117554 | 12 |
1.915 | 89020 | 5 |
1.920 | 86928 | 9 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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RMS (ASX) Chart |