Certainly does look interesting .
But as well as sov. risk there is the little matter of Equity Value to consider .
RMS has a $100 mill in cash and Continental has got how much debt ....I make it $375 mill (inc forward sold Au) plus $50 mill in convertible debentures so EV about double RMS .
Will take them years to get to RMS position now .
But as I said , does look interesting ...if you tolerate the risk .
Certainly does look interesting .But as well as sov. risk there...
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
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 |