D25
Under what circumstances would you invest a lot of money into RMS???? Out of all the outlandish remarks you have made over the years surely this is the most extreme.
World conditions don't make RMS 'sub prime risky' ... current management have made RMS sub prime risky.
If they had just saved up the $90m cash and the previous 'capital return' they would have been well placed to capitalise on this downturn.
Still no explanation on why those 'previously immaterial in size' tenements were sold of, or too whom.
I predict a drop to 25c and personally I wouldn't even purchase below 20c
If you purchase now; the maximum I can see this rising would be to a 250m enterprise value if they can actually achieve what they plan with their shareholders two gold mines.
price target 35, page-2
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Last
$2.33 |
Change
-0.090(3.72%) |
Mkt cap ! $2.691B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.41 | $2.31 | $7.130M | 3.032M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 24716 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.35 | 35394 | 1 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| RMS (ASX) Chart |