I note the latest change in substantial holding from Sprott Asset Management where they have continued to increase their holding in Ramelius beyond 17.5%. Does Sprott engineer consolidation in the market? ie are the setting up to be a player in further gold producer consolidation or are they just buying more because they see long term returns from RMS?
With RMS holding more than $90 million in cash and producing nearly 100koz per annum of gold at costs of close to $300 an ounce i would have thought they might be predator not prey in the M&A waltz underway in gold producers.
At least the notice resolves one issue, it has not been Sprott selling in recent days. that is a good sign.
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- sprott increases holding in rms to >17.5%
sprott increases holding in rms to >17.5%
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Last
$2.16 |
Change
-0.060(2.70%) |
Mkt cap ! $2.475B |
Open | High | Low | Value | Volume |
$2.20 | $2.20 | $2.13 | $6.393M | 2.965M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 76444 | $2.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.17 | 140306 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 76444 | 2.150 |
8 | 58482 | 2.140 |
4 | 42960 | 2.130 |
6 | 53390 | 2.120 |
4 | 27414 | 2.110 |
Price($) | Vol. | No. |
---|---|---|
2.170 | 140306 | 7 |
2.180 | 120965 | 3 |
2.190 | 39303 | 3 |
2.200 | 143088 | 6 |
2.210 | 54480 | 3 |
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