Ann: Assays Confirm Large Scale Potential of Granmuren Discovery, page-400

RMI pumped from 5c to 17c (round 70 mill MC) in anticipation of drilling nickel in Africa. Announced today drilling is to commence and looks like a sell the news , still round 40 mill market cap after the drop.
Possible fear of a CR might be holding us back but why would the chairman stump up circa $175k at around 4.2c on market if he could just take a big stake in any CR ? It says to me there's confidence here that initial drills are going to hit some nice sulphides that will be able to be announced shortly after drilling commences.
Pros were buying before the recent correction and we haven't seen much, if any significant selling since so perhaps as suggested a break above 5 and a meaningful move higher is close.