RDM 3.23% 15.0¢ red metal limited

Ann: Drilling Underway on Forrest Target, page-8

  1. 2,942 Posts.
    lightbulb Created with Sketch. 1039
    The fact that Forrest is being drilled which is more than 150KM away from the prior drill holes (Target T8 & T13) tells me that the original holes had nothing of interest to justify follow up drilling, otherwise why drill 150km away from them? What are the odds that hole 3 out of 32 potential targets will be successful? That's assuming that at least one of the 32 targets is going to be successful, even on a nearology basis. In all likelihood, one of the targets may identify an area nearby that justifies future drilling. I assume RDM just needs nearology results to try and entice a cashed-up major JV partner to carry the future drilling costs. That's Rob's method operandi.
 
watchlist Created with Sketch. Add RDM (ASX) to my watchlist
(20min delay)
Last
15.0¢
Change
-0.005(3.23%)
Mkt cap ! $46.42M
Open High Low Value Volume
15.0¢ 15.0¢ 15.0¢ $1.05K 7K

Buyers (Bids)

No. Vol. Price($)
1 53438 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 123342 4
View Market Depth
Last trade - 10.06am 24/06/2024 (20 minute delay) ?
RDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.