I won't be buying back into RMG, some of you guys need to read the market a little better. RMG will seriously be hampered by what's going on and junior explorers like this no matter what backings they have will not be able to get the share price moving unless they have massive discovery but it has to be the right commodity at the right time and even still it will be hard to get investors excited. Everything has to go right, everything!!!
Where's the capital going to come from to further exploration ?
I'm sure Holloman are going to have to shutdown some operations like everyone else on the planet due to falling commodity prices and tight money lending, no one is immune.
A big copper find now is useless, look what happened to TMR (burned a hole in my pocket that's for sure), just as their grade was improving copper prices dropped and they are now gone, just like that. If RMG have a good copper find then they have to see if it can be remotely profitable with current copper prices, it becomes a huge risk to take on any mining project with commodity prices all over the place.
RMG wanted to do what WMT, DYL and BLR did which was raise a huge amount of capital in a bullmarket but they just missed the boat (obviously no fault of there own). WMT, DYL and BLR can ride this out, money is safe but making a profit will still be tough. All the MHL's, ADD's, WAG's, MKY's, RMI's etc. These guys are going to be trying to stay alive over the next 12-24 months, let alone turn a profit.
RMG $1 days are gone, RMG 10c days are a long, long way off if it ever gets there. The RMG dream is all but dead, more chance of bust than boom now.
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