i honestly think it will not drop below 3.5c it has big support there, it might not even drop below 3.8c.
depends if games are played on open, there might be a shakeout attempt before a steady rise over 4c.
anyway I'm just happy progress is being made and this stock ticks a lot of my requirements in a company
- low market cap
- low shares on issue but enough for liquidity
- management looking to build this company for production down the line and expand with new projects to increase SP also have got two experts on board
- highly prospective land with amazing "nearology" to gigafactory and clayton valley.
- drilling Lithium a hot sector that will continue growing in demand for years to come
imo no where near a bubble yet. with news today Telsa is looking to build 5 factory's for there cars
- plenty of cash soon to have twice as much ($3 million approx.) for plenty of drilling
over the next few months.
- plenty of news flow to be expected over the next few months.
anyway there's lots to like here I'm holding firm, like ive said before even though rmx currently has 4 bagged the story has only just began, management just getting set now for drilling/expanded land holding/future acquisitions, perfect time to buy in imo.
RMX Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
(20min delay)