RDM 4.76% 11.0¢ red metal limited

Word on the decline is it's mostly retail buying up in the past...

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  1. 275 Posts.
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    Word on the decline is it's mostly retail buying up in the past month - would be good to see broker data to confirm. Insto's waiting for placements to take a larger position at a discount. If we can net a government grant, that would force the insto's to buy on market like retail. Even though we have 4 odd mil cash, there's every chance they cap raise in the next 3-6 months to fast track Sybella - I'd imagine insto's/brokers are waiting for this to enter. A left field grant would change that, this one looking the most promising https://www.statedevelopment.qld.gov.au/industry/industry-support/mount-isa-transition-fund
 
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