I know what you meant to say, and what I am saying is that you are speaking out of your rear. You just said you are basing it on "rumours and innuendo." Before it was based on the chart. You are just contributing to the rumours and innuendo. You post a link to an image of your buy of 10 million shares if you are so sure. But of course, you are not that sure, because the price could go anywhere from here.
I'll grant that you don't seem to be a serial ramper from your posting history, but you are making a call of a 300% price increase based on nothing. People have been doing the same thing the whole time it dropped from 60 to 50, down through the 40s and 30s, even further down into the 20s and teens, through single digits to now. Sure, sometimes the price went up significantly, but even then, it never jumped 300%. And sure, some people have made correct calls, but a stopped clock is right twice per day.
What I would like to see here, is thoughtful analysis, not prediction. If it hadn't been for "rumours and innuendo," this stock would have probably just climbed up nicely over the last few years, with no ridiculous peaks, but with a price that was steady enough to raise capital to keep it going, so that the current depths would never have been seen.
In my opinion, a lot of people probably bought stocks between 1 and 8 cents, and they would generally be happy to get out of this either making money or losing less than 50%. If this is the case, there is going to be significant resistance all the way up to 4c, and even higher, which will probably stop the stock getting there without significant good news, which according to the board, will not exist with respect to iron for at least a year, and with respect to the lithium, there's no sign of good news, and if I were looking at buying RLL, I know I'd try to get it as cheap as possible, so I would expect that any potential buyers would do the same. The $36M previous offer now becomes the ceiling on the sale price.
It's a Sunday afternoon, so I'm going to stop here. Sorry for ranting.
ADY Price at posting:
1.1¢ Sentiment: None Disclosure: Held
