RMS 6.22% $2.11 ramelius resources limited

Legume, I think RMS management did us shareholders a huge...

  1. 1,218 Posts.
    Legume, I think RMS management did us shareholders a huge disservice by diluting the share base at a price of effectively at rock bottom. The number of shares on issue will almost double should we win DIO.
    Is the value of DIO equal to RMS given the huge grades it is getting? NO.
    Is it worth half of RMS? Probably NO.
    Effectively, your management has robbed you of a huge percentage of your forward profit by giving it to DIO holders at a knockdown price.
    If RMS revalues based on performance at Wattle Dam to say $1.30 then we paid double what we needed to for DIO. That is your future value down the drain (or straight into DIO pockets). Without DIO the price might have gone to $1.80 based on profit per share.
    Why? Because RMS management could not wait for results from Wattle Dam to get in the market. They have no sense of timing and in my opinion have cost me money.
    As for the resource at Wattle Dam? I think it is stella and that is why I hold. Not because of the management but in spite of it.
 
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