I love a bit of speculative M&A rather than Dividend for RMS, they still have very good script value and bulk cash to merge/buy another producer or developer. To me, as a follower of RMS I see soo many options for this company, which have been discussed to some extent on these threads, but I have no idea what they will choose.
1. Buy or merge with a producer - PNR possibly fits the profile as a tack on project, get a whole greenstone district to explore, potential for long life if Norseman ground is drilled smartly. Future guidance getting up to 150koz pa. Will they fight with WGX/Karora for the asset?
2. Buy or Merge with developer - Obvious one is the neighbor in Spartan - 1.6M Oz+ gold and counting - infrastructure ready - but will be paying 800M plus, too expensive now? Gold production from Never Never potentially end 2025?
3. Build mill at Lake Roe/Rebecca - realistically they'll need something in between but who knows.
4. None of the above...
No numbers here just broad speculation to get some more chat going
I love a bit of speculative M&A rather than Dividend for RMS,...
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Last
$1.88 |
Change
-0.045(2.34%) |
Mkt cap ! $2.143B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.89 | $1.85 | $6.132M | 3.275M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 116764 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 64529 | 5 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |