d25... mt magnet was not a 100m pa profit mine when it was purchased. I think the gold price was about 1200 back then; probably closer to a 40m pa profit.
If even you agree that its a 100m pa mine then surely you agree that RMS is cheap at these prices
I guess they knew the mine would need work to rehabilitate it... just wish that they would admit to it.
I dont think these directors realise that their lack of disclosures will open themselves up to legal action if things turn out poorly financially for shareholders. Just look at what happenned to innocent Mr Forrest
quarterly update, page-62
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Last
$2.03 |
Change
0.070(3.57%) |
Mkt cap ! $2.322B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.05 | $2.00 | $8.278M | 4.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 134172 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.03 | 92774 | 5 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |