RCH richfield group limited

formula to explain rch

  1. 1,057 Posts.


    $18Billion of Mo in ground ingnored + Big RCH Kahoona caught in BNB margin call and goes into a mad dump to get cash + A Bunch of Galahs who decide to throw their hard earned stock down the same black hole the big Kahoona jumped into = 3.3 share price.

    This stock was always going to bounce but this time there is a very big Kahoona chomping chomping.

    This will be the second big resource fund to come on board in 2 months and we haven't even got to the Canadians yet.

    The good part this time is its all on market so far.

    The big shareholder who did the dump was manor from heaven for the fund manager. Yummy yummy chomp chop.

    Question for the punters who panicked and flogged their stock below 4 cents. WHAT WERE YOU THINKING?

    This company has cash in the bank and around $18Billion (at high grade) metal in the ground. Its only going one way and thats up notwithstanding the odd pressure dumping along the way.

    Keep reminding yourself of the fundamentals. They will rescue this company's share price time and time again.

    When next in a panic, re-read the above.

    Short term target 7-8 cents.
    Asset backing many times that price.
    Cash in bank and plenty more to come in from future option conversions
 
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Currently unlisted public company.

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