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 ?
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Last
11.3¢ |
Change
-0.003(2.17%) |
Mkt cap ! $33.71M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $15.39K | 133.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 40436 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 319728 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 40436 | 0.110 |
6 | 358266 | 0.105 |
16 | 756652 | 0.100 |
1 | 100000 | 0.099 |
2 | 35000 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 319728 | 4 |
0.120 | 311866 | 3 |
0.125 | 41666 | 1 |
0.130 | 11284 | 1 |
0.135 | 157518 | 4 |
Last trade - 13.44pm 30/09/2024 (20 minute delay) ? |
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RDM (ASX) Chart |