When a company takes over another the share price normally drops from dilution until there is added value from expanded production. It appears that RMS growth outweighs the effect of dilution from increased market sentiment. If they pause their growth actives it will be interesting to see where the share price sits.
I am predicting a long term gold price of around $2200 to $2500 aud or gold price moving between 1400 and 1600 usd in a recession with an exchange between .62ud and .68usd at best. The only risk to RMS is probably foreign exchange risk. At $1400 usd with exchange .62 and .68 usd the gold price will move between $2059 aud and $2250 aud approx.
On the negative side if we have a black swan event we really don't know where gold will fall, looking at pre covid there was a median bottom of $1200 usd which would result in a gold price around $1900 aud
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