RML resolution minerals ltd

1.22%

8.1¢

thanks JogoI guess it’s hundreds of metres away, near a proven...

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travelbug2

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15/07/20

08:46

Post #: 45870061
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Originally posted by jogo: ↑

Hey mate, I am now finding a number of ASX companies pitching themselves with more than they actually have. We have entered a period of gold fever and it is definitely caveat emptor. As Mark Twain is reputed to have said: "a gold mine is a hole in the ground with a liar standing at the top of it". At least today we have more regulatory processes to prevent this and we have things like JORC standards
I am not accusing this company of lying but watch out for the spin which you seem to have picked up. Hyperbole as to prospects (e.g. "Potential to discover multiple giant size gold deposits"); .repeated use of the word "potential"; references to adjacent mines or finds; references to comparable geology, even if housands of miles or even continents away, etc, etc. Often, it is the extent to which certain words are used rather than the words themselves that give the clue.
Yes, this company is exploring and you need to interpret accordingly and assign an appropriate risk factor (only about 1 in 15 explorers succeed). I am not saying that RML will not find economic gold (ie JORC reserves). Who knows -absolutely no-one at this stage. Hence, continue to be discerning and learn who you can trust.
Now stand back for the attacks on me because there are plenty of traders on HC who want to fool you too so that they can take advantage of SP movements; as well as the "absolute believers" who only ever believe that their stocks are going to hit the roof.

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thanks Jogo
I guess it’s hundreds of metres away, near a proven successful mine, and they are putting in the first drill. And capped at 17m. Hardly over valued at this price. Esp given the dirt is the same and the aero mags are the same. It’s a bit like the sort of trees that grow around your house are the same as 400m away.
So I am invested with hope, and i will lighten my holding as the results date approaches as often there is a move up in anticipation, but i will hold the majority as the odds look better than red or black.

RML Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.1¢		Change -0.001(1.22%)		Mkt cap ! $54.09M

Open	High	Low	Value	Volume
8.0¢	8.7¢	7.7¢	$1.912M	23.35M

Buyers (Bids)

No.	Vol.	Price($)
2	157500	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	85688	1

View Market Depth

No.	Vol.	Price($)
2	112596	0.079
3	212000	0.078
4	148002	0.077
6	212644	0.076
8	375665	0.075

Price($)	Vol.	No.
0.082	210000	1
0.083	519552	2
0.084	140000	2
0.085	423291	5
0.086	843054	6

Last trade - 16.15pm 25/07/2025 (20 minute delay)

RML (ASX) Chart

thanks JogoI guess it’s hundreds of metres away, near a proven...

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Most investors will get this earnings season wrong. Will you?

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Featured News

thanks JogoI guess it’s hundreds of metres away, near a proven...

Top Stories

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Most investors will get this earnings season wrong. Will you?

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

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Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

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What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News