The simple fact is Bendo, that RMS is down so much because it was up so much. Even at 60c I would guess that a majority of holders are still well in front and when they get stuck for cash or are seeing their portfolio decimated they look to sell what they can, even a goldmine! As for worst performer, well look at OXR/OZL for example, another stock with plenty of holders from 10c.
In hindsight we all shouda sold for $2 bucks, but if we had tried, the SP would have quickly gone down to below $1, so it's purely theoretical. I'm stll holding 2/3 of my original but RMS is already a 10 bagger plus so I am trying to be philosophical.
Atm the prices of everything from US$ to gold. oil, metals are being swept about by market forces that have nothing to do with reality. In the meantime, we have good grounds to believe that RMS has a significant resource, we have a solid backer and funds, equipment is on site and mining is underway. Also the general consensus and common sense tells us that the pog should stay btwn US $750 - $1200 which is a good result either way.
There is every possibility that we haven't seen the worst of this yet. US still hasn't faced the reality of their wrecked financial system. Having a stake in a nice little gold mine might be a comfort in the months to come regardless of how the picture is being painted atm.
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Last
$2.06 |
Change
0.070(3.52%) |
Mkt cap ! $2.379B |
Open | High | Low | Value | Volume |
$2.05 | $2.08 | $2.03 | $10.30M | 5.005M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 127276 | $2.05 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.06 | 113705 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 127276 | 2.050 |
3 | 44552 | 2.040 |
4 | 101311 | 2.030 |
3 | 28952 | 2.020 |
3 | 3873 | 2.010 |
Price($) | Vol. | No. |
---|---|---|
2.060 | 113705 | 5 |
2.070 | 4082 | 2 |
2.080 | 57793 | 6 |
2.090 | 108586 | 7 |
2.100 | 158314 | 6 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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RMS (ASX) Chart |