Great point, WC. Looking past the short-term share price (admittedly not effortless), a sharp cut in prices for possible acquisition targets is just what Ramelius needed right about now. $213 million in net cash and gold, at end of Dec20 quarter, and climbing.
A potential acquisition kicking in, just as Penny & Tampia are hitting their strides, could be truly transformative to operating cash flow. RMS is running close to 300k oz/year rate, even before those additions.
Great point, WC. Looking past the short-term share price...
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |