RMS 1.54% $1.98 ramelius resources limited

Ann: Close of Takeover Offer for Explaurum, page-9

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  1. 1,246 Posts.
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    Usually bidders in a t/o experience a price decline during and rise again after completion of the t/o which is what has happened here .
    Also helping at present is the GP and someone appearing to buy up a chunk of RMS on market these last few weeks .

    Don't see any reason for RMS to fall at present but it may stop rising for a while until a few details are clearer .(Marda development , divi etc)
    I did point out to you months back that RMS was heavily undervalued and I'm sure you'd believe they are a better company now for having EXU tenements .
    Also with so many irons in the fire RMS more likely to surprise than not somehwere or other . Maybe Hollerton or Viv or finding more at Marda etcetc quite apart from the potential at EXU tenements .
    Considering all this, seems to me RMS are a good bet to rise well over the next 12 months not fall  .
 
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Last
$1.98
Change
0.030(1.54%)
Mkt cap ! $2.514B
Open High Low Value Volume
$2.01 $2.02 $1.96 $6.338M 3.200M

Buyers (Bids)

No. Vol. Price($)
4 55455 $1.98
 

Sellers (Offers)

Price($) Vol. No.
$1.99 32563 2
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Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
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