RMI is good value indeed, and yes management are doing the right thing.
as for funding they should have no problems raising cash from shareholders especially if there is a whiff of good news.
Last year they got money from shareholders at 2-3c per share, and not by giving shares to so called sophisticated investors and the Hartleys and Wilsons FM of this world.
Shareholders made a killing from 3c to 16c in less than a year and many of us are grateful ...
even those who bought at 12c-16c,... (the runaway train...rumours + expectations + rampers), had a chance lately to buy in at 4-6c, ...(if 16c was a runaway train.. selling at 4 and 6c is the dumb and dumber train), ...and soften the landing at an average of 7-8c
In this credit squeeze small companies would find it difficult to get money from anywhere exept their loyal happy shareholders, and RMI has many/
However, it remains a gamble because all bets are on WOWO .... other projects have failed the test of time..
It's a gamble worth taking at 6-8c.
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.785M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 190000 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 466829 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 190000 | 0.014 |
4 | 263154 | 0.013 |
1 | 100000 | 0.010 |
1 | 120000 | 0.008 |
1 | 85850 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 466829 | 2 |
0.016 | 308891 | 2 |
0.017 | 181371 | 2 |
0.019 | 300000 | 1 |
0.020 | 5000 | 1 |
Last trade - 16.12pm 06/09/2024 (20 minute delay) ? |
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