RMR 0.00% 4.8¢ ram resources limited

it is mid-march, page-15

  1. 123 Posts.
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    No I am not burnt and RMR not worth comparing to even GGG is also my point to further underline the other guy's "point of not trying to compare it to lyc or ymca".

    Here is the hard facts that I know.

    As it is at this point in history.. hehe

    -Shares Issued 954,939,998 - a real major sp bummer

    -Their JORC is expected to be inferring a decent but unimpressive enough amount of REEs to do much for their SP

    - They are low in cash and will soon need to have a new round of fundraising soon for their next lot of drilling program. - what do you know, another big bummer. 100 to 1 consolidation will be a narrow window that can make this stock look a bit respectable.

    - The coming 12-24 months will not likely to see REEs prices skyrocketing. As much as China is trying to screw the world with REEs export reduction, there were only a 50% taker of the allowed export amount. We expect a turnaround in 2015, bar any new GFC.

    - As we know RMR only own 51% at present on their Greenland mining tenement with no given right to mine. Nothing is going to change for the better until Greenland grant them rights to mine.

    There is no point illustrating any further, we all know RMR is not worth the paper it is written on until then.

    I won't be surprise to see GGG sp rolling stone down to 10c in months to come. It really dumbfounded me when GGG SP was at $1.50. I kept asking myself why because it made no sense but I guess everyone that bought in to it and into RMR is buying into the hope of a miracle that they will get to mine..

    But hey, enough of this depressing outlook.. everybody, bring up your glass and let's drink up for a triple high jump for RMR sp aye....
 
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