Boredom has got the better of me this week.
Marda transaction has been completed, 90% of EXU achieved, SP on the rise & GP holding strong.
It’s got me thinking about other opportunities that might exist if RMS were to continue an aggressive acquisition strategy - something I’m an advocate of.
A suggestion is below - a couple of explorers/developers that combined create interesting synergies.
KIN & GMD both own gold deposits just outside Leonora (around 30km north & 30km south).
Both companies have a market cap around $3omil.
KIN began building a mill (which has since been put on hold) near their deposit & GMD own the Baramia deposit, which is on Mount Magnet’s doorstep.
I think you see where I’m going with this.
Any thoughts or other whacky consolidation ideas - please share.
Help me relieve the boredom.
Boredom has got the better of me this week. Marda transaction...
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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 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| RMS (ASX) Chart |