I don't see why a takeover from RMS is good news. They've got some clapped out old mines, low grade, limited mine life. We've got a near new plant, something north of 6-8 years of high grade ore and upside from the never ending drilling. We get RMS scrip, and in a few years time RMS's best and maybe only worthwhile asset will be Dalgaranga. Which we own 100% of right now. Gold at an all time high, and we're still drilling when we should be laser focussed on production. Sitting ducks for a t/o. The Peter Principle is starting to get traction in my thinking.
Having said all that I tried to go all-in yesterday at $1.28 and missed it.
I don't see why a takeover from RMS is good news. They've got...
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Last
$2.06 |
Change
0.035(1.73%) |
Mkt cap ! $2.627B | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.06 | $2.01 | $6.225M | 3.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 164857 | $2.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 217890 | 49 |
View Market Depth
| Last trade - 12.42pm 20/06/2025 (20 minute delay) ? |
| SPR (ASX) Chart |