Yeah, the market does not see RMS as a sexythang, but quite frankly I disagree.
Where are all the nay-sayers regarding managements recent cap raising?? Anyone out there still think that sitting on an absolute mountain of cash is a bad idea right now? Hats off to management is all I can say.
Because while I hope the gold price doesn't break through $1255.00, do I really know if it will or not?? Well the answer is nope. And I bet 90% of the posters/readers on hotcopper are much like myself, just muddling along trying to work it out as we go.
RMS is sitting on a pile of cash, and has pretty much fully hedged it's current production at significantly higher prices than we see today. It trades on very low multiples, and looks like it will increase it's mine life. If we do revisit that annoying gap in the chart RMS will be in a comparatively strong position to make acquisitions.
Beauty is in the eye of the beholder and I like cut of the RMS jibe.
Alogo's and bots will win the day but RMS has a bloody massive war chest!
Arggghhhhh
Why???, page-5
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Last
$2.00 |
Change
0.080(4.18%) |
Mkt cap ! $2.282B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $2.00 | $1.93 | $6.806M | 3.435M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9530 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 5526 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |