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 .
Usually bidders in a t/o experience a price decline during and...
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Last
$2.27 |
Change
-0.030(1.30%) |
Mkt cap ! $2.514B | |||
| Open | High | Low | Value | Volume |
| $2.27 | $2.29 | $2.22 | $7.884M | 3.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3771 | $2.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.28 | 319256 | 8 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |