RMS gave a capital return or gave money back to shareholders before they went undergound. Shares on issue were 150 million.
This is what you call decapitalisation of a company.
They needed the money to mine undergound. They then had a capital raising which added 50 million shares, Dioro also added shares and some cash.
The bad decision of a capital return means RMS have 290 million shares on issue instead of 150 million.
RMS would be valued at $1.80 instead of 90cents.
(The share value is halved because double the shares are issued.)
The same market cap but double the shares, who suffers, shareholders.
It was the chairmans idea to give a capital return and he should resign. Now your share value is half what it would have been had the money not been given back to shareholders at mine development stage.
Decapitalisation of a company in development stage is a textbook definition of bad management.
Who really controls RMS??
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