any life in this stock ?, page-3

Subi, this stock has crashed from $1.20 to as low as 18c. Institutional investors in US and UK dumped this one at the height of the credit crisis. ANZ also dumped it when they moved on Opes Prime. It has been a rough ride. They will need to tap the market for funds to develop their Vanadium mine which wont come cheap. A buy of RDR is a leveraged buy on Vanadium even though they have leases in iron ore and nickle and a interest in a producing gold mine.
Should Vanadium price hold up at least to the last 5 years average then they will mine at about 33% profit on cost. If the price rises because of developments in battery technology then it could be a very sweet buy. Factor in the dilution caused by capital raising and guess the price.
If you buy in now you are getting in on the first floor IMO having missed the elevator in the basement and ground floor.