The current trend is down - no question. Never say never but 60c / 50c takes RMS to a $500m market cap. A 300k oz producer with $250m in the bank, no debt and a 7+ year LoM valued at $250m (net of cash) seems low probability. Granted we have a few headwinds currently in the USD / 10 year yield / cost inflation / sentiment but we have a potential few tailwinds also..........like the unfolding inflation narrative, an entire financial system siting on debt pile of $300 trillion, Evergrande style ponzi schemes aplenty and the decay of fiat currency. Clearly this circus can and has run for much longer than most of us ever expected it would but I'd be loathed to bet against gold and silver medium to long term. And a well run outfit like RMS which operates a relatively tight ship are very well placed medium to LT (6 months+).
RMS at key support levels, page-107
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Last
$2.16 |
Change
0.040(1.89%) |
Mkt cap ! $2.494B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.14 | $6.902M | 3.202M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221 | $2.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 36399 | 6 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| RMS (ASX) Chart |