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
(20min delay)
|
|||||
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.42M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.5¢ | $21.71K | 149.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 184810 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 87500 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 184810 | 0.140 |
3 | 57882 | 0.135 |
4 | 70007 | 0.125 |
1 | 16583 | 0.120 |
1 | 8500 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 87500 | 4 |
0.165 | 58526 | 2 |
0.170 | 32258 | 1 |
0.175 | 225000 | 2 |
0.180 | 161755 | 2 |
Last trade - 13.17pm 26/06/2024 (20 minute delay) ? |
Featured News
RDM (ASX) Chart |