So the selling is continuing today and now down to 8.5c - (no doubt most sellers racking up hefty % capital losses) maybe due to just giving up to minimize the pain or taking advantage of year end tax losses.
Market Cap values the company at around $12m including a bit less than $3m cash, the market must reckon RDM's mining leases are worth a lousy $9m - and maybe even that has some blue sky in it ?
I guess the market is always right , but where do people see this thing going ? It's not as though there is a large institutional shareholder base who could be called on to fund future mining investments....apart from a couple of holders, the top 20 seem to be mainly a collection of execs / related parties, or what appear to be SMSF's on a punt like me. So far its' been a pretty sad history with nothing to show but mega accumulated losses over the past 10 years.
So who are the buyers then - do they think this is a bargain, or are they existing holders averaging down and hoping for some good news down the road ?
- Forums
- ASX - By Stock
- RDM
- what's rdm value now ?
what's rdm value now ?
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDM (ASX) to my watchlist
|
|||||
Last
12.5¢ |
Change
-0.005(3.85%) |
Mkt cap ! $37.45M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.0¢ | $12.24K | 99.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 86043 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 7414 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 86043 | 0.130 |
1 | 6714 | 0.125 |
1 | 23520 | 0.120 |
3 | 19000 | 0.115 |
1 | 50000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 7414 | 1 |
0.140 | 121000 | 4 |
0.145 | 90000 | 1 |
0.150 | 142870 | 5 |
0.155 | 57832 | 2 |
Last trade - 13.11pm 22/08/2024 (20 minute delay) ? |
Featured News
RDM (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online