RHM 0.00% 30.5¢ richmond mining limited

i like the look of this one!, page-51

  1. 96 Posts.
    Well, have a look at GBZ & QMN. They are the CDU hopefuls.

    The thing about them is that GBZ did a CR for 2c a share. Yes! 2 cent a share a few month back and now it is trading in mid to high 20's. QMN also did a placement around 15C a share now it's at high 30's to 40C.

    So, why does the SP still raise after all these ridiculous CRs?

    Answer is still too cheap.

    Also, why does management willing to do CR even they know SP is not at peak yet?

    Answer is avoid uncertainty.

    With a ugly DOW overnight, I will buy some more on Monday. But I seriously doubt that the SP gonna go below 18C mark. However If it does, I will be waiting there...

    One last point, we must admit the RHM's tenement is not as good as other juniors. This probably is the reason it starts so late. Remember it is only a spec. It only lasts while rumors are still round. Nearology sounds good but rarely works.
 
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