RDM 3.85% 12.5¢ red metal limited

There is no good to be had in being either a prophet of doom or...

  1. 17,265 Posts.
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    There is no good to be had in being either a prophet of doom or a one eyed fan boy when it comes to stocks like this. I think Tony Locantro's view is the correct one. You are never going to get a multibagging stock from a BHP or a WOW. You are also likely to do all your dough if you speculate with one of the used car promoters from Perth whose major skills involve mining the pockets of mum and dad investors. The best chance of getting a 4 to 100 multibagger (remember SIR going from 5c to 5 bucks a few years back??) is to back an outfit like RDM. Quality people with multiple quality targets backed by the cash of quality producers like OZL and MMG. There is still no guarantees here which is why RDM is 14c and not $1.40 but it is like having 6 tickets in a million dollar lottery which is only selling 12 tickets. MEP is in a similar boat. A few bucks in each and you stand a dang good chance of landing a decent catch sometime in 2018.
 
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Last
12.5¢
Change
-0.005(3.85%)
Mkt cap ! $37.45M
Open High Low Value Volume
13.0¢ 13.0¢ 12.5¢ $16.57K 131.1K

Buyers (Bids)

No. Vol. Price($)
1 10374 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 123414 3
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Last trade - 15.36pm 23/08/2024 (20 minute delay) ?
RDM (ASX) Chart
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