RMI 0.00% 1.5¢ resource mining corporation limited

RMI is good value indeed, and yes management are doing the right...

  1. 1,617 Posts.
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    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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