The massive fall in TMR is what makes it such a good buy to me, the fact that it reached 30c + and now is 2.3c is what made my eyes light up. Not to mention the directors hold over $2m worth at an average of around 22c -24c. It's dropped over 95% and is clearly oversold and undervalued.
RMG's high is 5c and it was only there for a brief moment. TMR consolidated at 30c and traded comfortably there for a while. What does that say to me, when the market recovers TMR can test it's previous highs if their ore grade improve like forecast, even if it only got half way their you'd still be looking at 700-800% profit if you bought now.
We look at this from an opposite point of view. A stock dropping 95% with solid fundamentals is a buy for me. On the other hand a stock with only $2.7 cash in hand in a bear market is a watch and see what happens for me".
TMR Price at posting:
1.4¢ Sentiment: None Disclosure: Not Held
