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15.5¢ red metal limited

"Strong speculative buy" for "hideously undervalued" RDM, page-6

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luigi9

267 Posts.

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04/08/16

12:23

Post #: 18443307
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Originally posted by Deme ↑

"Underpinned by a JORC inferred resource of 105 million ounces of silver" is the key for me. As excited as I am about our imminent drilling at Irindina and Lawn Hill (down the track) - both with the potential to be "company makers" - most value will be realised from Maronan.

A nice Trump card to have and one that I don't see many other junior explorers having. So many punters have speculated away their coin on nearology plays over the past few years - first on nickel plays (post Nova), then graphite, and now lithium. Once the realisation hits that 99.99% of them will find nothing, it will be too late. The speccies run out of cash, with no other tenements to explore, and an inability to raise cash. At best, they turn into zombie stocks and end up as shells for IT plays. Not RDM - 13-14 years since listing and they still have a tight capital structure. Strategically, I am impressed with how they operate. Prove up a deposit, seek JV partners, and continue to peg/ explore quality dirt.

Happy holding and will try to rustle up some more funds to add to my already large position.

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I agree;this has been their modus operandi for the last 40years.The only exceptionCMR and that ended in tears.

RDM Price at posting: 10.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $46.42M

Open	High	Low	Value	Volume
15.5¢	15.5¢	15.5¢	$6.198K	39.98K

Buyers (Bids)

No.	Vol.	Price($)
9	189762	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	49999	1

View Market Depth

No.	Vol.	Price($)
9	189762	0.155
9	1536226	0.150
1	40000	0.145
1	10000	0.140
2	120000	0.135

Price($)	Vol.	No.
0.160	49999	1
0.165	42723	1
0.170	62922	2
0.175	25000	1
0.180	202000	4

Last trade - 16.10pm 23/07/2024 (20 minute delay)

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