if you do the maths we own 44% of MMA. If MMA goes up say 10c that would amount to 4.4c for RDM, except that there are roughly 200 million shares in MMA and 360 million shares in RDM. So 4.4c x 200/360 = roughly 2.5c. On the current increase to near enough to 30c we could have expected RDM to be over 13c by now. That RDM hasn't moved ignores MMA. I agree it's a strange beast, the more so given we hit 23c on news 12 months ago and we are a lot further down the track now. Roll on the pH optimization tests and further leach tests. I also note the last RDM announcement is definitely taking steps to an indicated resource. From all this, I interpret the market response to mean, RDM is on it's own until MMA does a feasibility study. Well it hasn't responded so far so what else could this lack of response mean? That it remains a very cheap buy at the moment hasn't really affected the market on the buy side, and on the sell side. One wonders why sellers keep lining up.
RDM Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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