Hi Bigmac, that sums it up perfectly. That line: "Some holes will partially examine a portion of the IP anomaly, but this is only a preliminary assessment" ... scared me silly! I posted last year that RIM are like the small dog that chases the cat, but when it suddenly bales it up, it doesnt know what to do with it.
My mind goes back to the days that CDU discovered Rocklands. They got the project from a couple of old timer prospectors that had been kicking the dirt for years convinced they had a biggie, but couldnt do anything with it ... Pass it on to modern geologists, and the rest is history!
I wouldnt put Colin Plumridge in the old prospector category, and I know some of these old-timers know their stuff ... but I just think it is time for a change! I do feel they have something good there ... but my patience is almost gone. If this drops below 5.5 it will be all over .. but at this stage the chart is saying that the market is still giving them a chance as they trade at mid-point from the highs. So I hold with a stop there
RIM Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
