I do agree with what you're saying but to put it in context we have seen some nice rising in RMS this year , also other golds and I'm sure we will see again both for RMS and most other golds .
The way I look at it is if the market always reflected "true value" there'd be less opp.'s for us bargain hunters and contrarians .
I've always felt the market has got it wrong much of the time and perhaps that is even more true today BUT I still believe at some point reality is appreciated and a fairer price results .
Perhaps RMS rise over the year from a low base is an example of this .
Hope I'm not being a dinosaur about this but I still value fundamentals above what's trendy .
RMS chart, page-63
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Last
$1.92 |
Change
-0.040(2.04%) |
Mkt cap ! $2.193B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.98 | $1.91 | $3.875M | 2.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5202 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 4466 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.92 |
Change
-0.040 ( 1.93 %) |
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| Open | High | Low | Volume | ||
| $1.97 | $1.97 | $1.91 | 773865 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| RMS (ASX) Chart |