RMR ram resources limited

Ann: Maiden Drilling to Start at West Kimberley Project-RMR.AX, page-48

  1. 1,635 Posts.
    lightbulb Created with Sketch. 54
    Some further food for thought..?..Based on my experience investing in junior
    resource stocks and market price reactions to discoveries with stocks at
    say around 1c level or below..a conclusive material discovery here based
    on some connection of major conductors as suggested in posts..could result
    in potential share price appreciation to around say 5c plus based on shares issued.

    If you take BUX share price jolt on discovery..it went to around 32c..with
    around 90mill. shares on issue..RMR has around 10 times issue...
    therefore say 10% of end BUX price..say 3c..which has already been
    suggested by a poster based on "charts".etc..

    So if indeed conductors are proven up then say 5c may not be unrealistic..

    Now for the options...if such a scenario eventuates then there exists
    the potential for say 50% of option holders to convert at 0.025c..
    giving RMR around $3-4 mill..to dedicate to further drilling etc..

    You might say dream on..and you are probably right..but there
    is precedent..such is the excitement of investing at the junior level..

    Cheers
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.