For anyone in doubt have a look at a quarterly chart of RMS back to 9 cents in 2004 you will see why I am such a fan. Back then I accumulated at 9 cents because they seemed to have assets and good management and they obviously did as was reflected by the share price in 2007 of $1.90. As with all stocks they were hit by the market and by 2009 were back at 40 cents (Another great time to accumulate)Back up to $1.70 by 2011 and now back down to 40 cents. If you look at the charts I hope you will notice that the historic support at 40 cents is remarkable which is why I feel very confident that the true value of RMS will be realised again at some stage in the future. I don't know when but I am certain the downside is very limited . The assets and fundamentals for this company are now quite different to when they had one mine at Wattle Dam they have a variety of assets and a wide spread of exploration thus reducing risk significantly . RMS has plenty of cash and is I suspect now cash flow positive on a daily basis giving them a lot of power with regard to future developments or acquisitions. I believe the future looks very rosy particularly if the price of gold holds at current levels.
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Last
$2.14 |
Change
0.030(1.42%) |
Mkt cap ! $2.456B |
Open | High | Low | Value | Volume |
$2.14 | $2.16 | $2.11 | $9.988M | 4.672M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2719 | $2.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.15 | 321 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 2.250 |
1 | 1500 | 2.230 |
3 | 1096 | 2.210 |
1 | 750 | 2.200 |
1 | 4566 | 2.190 |
Price($) | Vol. | No. |
---|---|---|
1.990 | 7744 | 1 |
2.090 | 596 | 3 |
2.140 | 32774 | 3 |
2.150 | 730 | 1 |
2.160 | 26502 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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