I'm not telling people not to invest. I actually think rms is a good long term investment but it's ieven better choosing the best entry point. If people overpay now it's not a big deal if they are willing to wait out any correction or revaluation.
I have only one concern. Their ability to manage cash in a crisis . This is not me being negative but a real concern. I owned a nickel stock that had zero debt and $160 million in the bank, they lost the lot and went to 1800 million shares on issue .
I hounded the director to sit on that cash. I advised them to spit their bank balance between banks in the GFC. There is only so much one can do.
market revaluation 40 cent to 60 cents possible., page-12
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Last
$1.96 |
Change
-0.040(2.00%) |
Mkt cap ! $2.242B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.96 | $6.529M | 3.316M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 80904 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 13842 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |