RPMGlobal Holdings Limited (ASX: RUL) on 6 March 2019, announced that if they are planning to release a new solution based on an innovative enterprise Intelligent mine Design (ID) technique which will be fully integrated within the company’s range of products by the end of 2019.
The CEO and Managing Director of the company Mr. Richard Mathews on the planned release said that the company strongly believes that it is time that the mining industry is provided with an intelligent parametric design solution built upon and utilizing the very latest software technology and enterprise architecture.
Several products available in the market in recent times are based on old principles and the same underlying code base. These have been reformed and customized to use over the years. However, the company will choose a different method in order to use a new intelligent design solution. It aims to deliver an innovative and user-friendly experience for the mining customers of the company.
The company does not want to replace the various entrenched third-party mine design solutions in the market as per their current focus of development for the Intelligent Design solution, rather, the company is focussing on leveraging over forty years of mining experience from its consulting and advisory businesses in order to produce a genuinely agile solution to support rapid scenario generation and optimal mine design decision making by enabling mining engineers to focus on choosing the most practical mine design option available to them in order to drive better efficiencies and economics in an innovative, visual and user-friendly experience.
The company over the years used data provided by all the third-party mine design product vendors, who are established in the market. It has vast experience and as a result, have a good understanding of the key challenges the mining engineers face while using these traditional mine design techniques. As a part of their goal, the company with the use of this new product will address vital issues in such a user-friendly and technically advanced manner that it will be useful. It will continue working with the vendors of the established third party mine design software.
On the price-performance front, the stock of RPMGlobal Holdings Limited last traded at $0.585 on March 6, 2019 with an increase of ~2.64% during the day’s trade and with a market capitalization of ~$123.32 million. The stock has generated a negative YTD return of 5.79% and posted negative returns of 12.98% and 5.0% over the last six months and three-months period respectively. It had a 52-week high price of $0.690 and a 52-week low price of $0.532 with an average trading volume of 85,824.
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