RMS 1.60% $1.90 ramelius resources limited

"The Ramelius Board adopted a smart strategy , which produced an...

  1. 1,218 Posts.
    "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
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