CH the inescapable truth about RDM is that it is the type of stock that is nothing until it is something but when it becomes something it may well REALLY become something. It's not like they are a revenue earning company who are beavering away slowly increasing profits with a chart to match. So why hold a stock like RDM at all?? Well I think if you are going to make a motza on the ASX then most likely it will be from a junior explorer. We had a mini tech boom here a couple of years ago but can anyone name me one decent company that came out of that?? We saw stocks like 1PG puff up and blow away in the wind. My take away lesson was that if a tech stock had anything sensational then it would most likely just make its way straight to the NASDAQ and would leave the ASX to the cowboys (Does Atlassian ring a bell??).......but the one thing we do really well here in Oz is mining so that is where my focus is.
I like Tony Locantro's philosophy on stocks like this. Even in the Australian mining sector we see plenty of pretenders come and go. Promotion stocks as TL calls them. But RDM is one of a handful where your odds are shortened considerably. They have a management team that have both the faith and financial support of bigger players like OZL. This will reduces the risk of us being diluted into oblivion while increasing the odds of a big drill hit....... and then they have a number of prime targets anyone of which could be THE target that changes lives. Of course all of that only shortens the odds and it guarantees nothing. But then again even Tony Locantro would recommend his clients spread their bets across a few stocks like this and not just RDM.
Finally here is something to think about. Three investors walk into a bar. The first one had bought SIR two years before they hit the money hole. He thought he was really, really unlucky because he met a second investor who bought SIR one day before that company changing moment......that is he thought he was unlucky until he talked to a third investor who sold his SIR shares the day before the big hit.
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.95M |
Open | High | Low | Value | Volume |
13.0¢ | 13.0¢ | 11.5¢ | $138.8K | 1.140M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4500 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 7414 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4500 | 0.125 |
1 | 8684 | 0.120 |
3 | 190000 | 0.115 |
1 | 50000 | 0.110 |
2 | 15500 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 7414 | 1 |
0.140 | 105000 | 3 |
0.150 | 652870 | 6 |
0.155 | 276795 | 5 |
0.160 | 78816 | 3 |
Last trade - 14.36pm 19/08/2024 (20 minute delay) ? |
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RDM (ASX) Chart |