david25,
Here is how I see it,
Company MC Cash Trading x cash
IGR 391m 21m- 10 m 39.1 times
(11m debt)
FML 207m 18m 11.5 times
SLR 667m 98m 6.8 times
NST 368m 84m 4.4 times
RMS 260m 102m 2.5 times
I am not bashing other producers here, just comparing them.
If RMS were trading at 4.4 times their cash (like NST) with 336m shares on issue they would be $1.34 per share.
If they were trading at 6.8 times (SLR) they would be $2.06.
So I think a fair price to be between $1.34 and $2.06, in the middle $1.70.
Try 39 times (IGR) and they would be $11.84!
It looks pretty obvious to me where the value is!
share price target 50 to 65, page-2
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Last
$1.97 |
Change
0.015(0.77%) |
Mkt cap ! $2.247B | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.95 | $9.599M | 4.870M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 87547 | $1.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 134610 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |