@tangs I'm frankly confused by the market reaction. As an outsider was thinking about this one and then a few events intervened and then the merger ann. The only explanation I can think of and it's an odd and limited one, is that potential buyers of RMS might see they won't be owning all the combined company going forward so technically the number of shares they hold reduces in the washout? The record date is 14 March 2025 but the shares are still being bought and sold having dropped quite a bit but looking stable. That drop in the SP is defying logic because of the combined value of the assets and enterprise into the future, plus the outlook for gold, unless I'm missing something. Surely producers of gold are going to be winners as the market wakes up this is one way of getting exposure instead of getting in the queue for some physical gold? Baffled.
RMS Price at posting:
$2.18 Sentiment: None Disclosure: Not Held
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