Assumption
RMS has 1.1 billion shares on issue and about to add 700 million shares on issue from a takeover. Total shares on issue after takeover approx 1.8 billion .$2.20 today /1800 x 1100 $1.34
This calculation removes all added value from SPR takeover and only includes the effect of dilution. It does not included speculative value of SPR assets.
Temporary downside.
1 The 24 months lead time to SPR production.
2 The lack of income from from SPR
3The lack of drilling in SPR
4 The low classification of SPR resources. only inferred
5 The lack of mine plan of SPR
6 Dilution of RMS PE ratio
7 High risk to reward.
8 High capital to reward.
9 non performing assets lose added value with time lag in development.
10 SPR over valued based on a record high gold price.
Sentiment short term sell.
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Last
$2.51 |
Change
-0.430(14.6%) |
Mkt cap ! $2.908B | |||
| Open | High | Low | Value | Volume |
| $2.79 | $2.79 | $2.49 | $44.80M | 17.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 77231 | $2.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.51 | 10639 | 1 |
View Market Depth
| Last trade - 16.10pm 23/04/2025 (20 minute delay) ? |
| RMS (ASX) Chart |