re: Ann: Commencement of Drilling at Zeehan a...
I guess they are feeling like a dope, their buy at 6 just lost 16% in 2 days with it now down at 5. but I guess they feel like less of a dope than the rest of us who thought projects plus management = increase in share price.
now we need positive drilling results just to get back to capital raising price. At which point rmg will have no money, will need to do a new cap raise at even cheaper, puts more stock on market and SP depression, and a bunch of unproven projects to keep pumping money into.
I'm definately regretting this one, but am so far in the red, i'm better off holding it to offset a win if need be, or if we are lucky, it might actually go up to 2c where it had been for years. At least then I could have moved on if I didn't like the direction the company was going. Live and learn i guess
RMG Price at posting:
0.5¢ Sentiment: None Disclosure: Held
