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.
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 |
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| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |