Read the report, metrics improved.
You guys should be proud of your management.
Not sure why they sunk $85m into Noble Minerals?
$85m could have bought out something like Ramelius, and RSG would have got $55m in cash, gold and liquid assets back. Effectively paying a $30m enterprise value. From which RSG management team can manage assets thereby saving $20m in corporate and admin costs annually.
Given RMS is breaking even roughly on cash flow, they could have had payback on their $30m investment within 2 years at $1350 gold price.
Strange they bought Noble?
Read the report, metrics improved.You guys should be proud of...
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Last
63.5¢ |
Change
-0.005(0.78%) |
Mkt cap ! $1.351B | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 65.0¢ | 63.0¢ | $3.704M | 5.798M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | 63.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 64.0¢ | 50395 | 2 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| RSG (ASX) Chart |