RDM 5.08% 14.0¢ red metal limited

Ann: Mount Skipper Drilling Update, page-25

  1. 68 Posts.
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    If you're investing money that's making you nervous to lose, this could be the wrong type of stock to be investing in (my 2c). If Three Ways turns nothing up, or if we see downward pressure on equities, this can easily be back at 5c. It's a pure spec play bottom drawer type of holding. If you want to trade range, then buy it before a drill campaign starts and sell before they announce results. Otherwise be willing to lose your money for the chance of hitting something meaningful for the SP.

    I've been holding for over 10 years now, seen the SP go to ¬53c and much lower than we are now. The management are top notch, they're as careful with cash-flow as you can ever hope, and they continue to deliver quality new targets. This still doesn't mean that an investment in RDM will ever pay off.

    DYOR and decide if it's the right investment for you. There's plenty of hot air on forums that should be taken with a large grain of salt...

 
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