RHM 0.00% 30.5¢ richmond mining limited

big week ahead

  1. 2,453 Posts.
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    This is what I would say in a brr interview. Then follow it up witha mass email to every broker I know in Aus/US.

    Fundamentally:

    ** Naracoota volcanics soon to be drilled. Rig being sourced now

    ** 18 anomalies, 10 of which are high priority

    ** 75km from Sandfire's 36% Cu hit. And, Just 1km from a mine where 7t of copper was mined at 16%!

    ** $3m in bank. Little stock. Sellers are few. Buyers are building in number as investor awareness increases

    ** But wait. There's still more,

    ** Iron ore. 100mt of the stuff, easilly and cheaply attained and beneficiated to 66% material.

    ** IO market on the up and up. Chinese and Indian steel makers on the prow for assets.

    ** Option to acquire Buena Vista was signed at market bottom. Was worth $75m US at initial offering.

    ** Over $30m worth of work done on BV and all data acquired by RHM.

    ** Exploration upside 400mt.

    ** Close to infrastructure.

    ** Market cap only $6m.
    Peer comparison = $60m , based on iron ore alone!

    Technically :

    This breakout is TEXT-BOOK. Bluesky break to 26c on consistently high volumes. The pull-back to support was well supported and previous resistance is now a floor. Momentum is building. I remember not too long ago this would open and close without a single share trading, now we have 1-2m shares trading hands on a daily basis. And look at the options- They're telling a story of their own. And what a story!
 
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Currently unlisted public company.

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