RHM 0.00% 30.5¢ richmond mining limited

hi guysback from exile:) thx modsmostly out of the market now,...

  1. 15,846 Posts.
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    hi guys

    back from exile:) thx mods

    mostly out of the market now, less than thrilled with the allords, nor the cu price chart (both scary!) expecting more downside ahead.

    still consider RHM one of the few emerging stories that could actually amount to it's intentions, but wasn't surprised by the sell off after that last 65c price target was met. sell in may, sell on news, sell the technicals, sell on indices, sell sell sell, you get the picture

    company seems unconcerned by lack of support for SP since taking up option on BV. perhaps they are working on debt funding as opposed to material cap raising?


    am thinking the next pivot will be early june (projected off oscillator behaviour). looking out for another rounded bottom, maybe with a 34c floor? long way down to the next stop (27.5c?), can't see that happening, but who knows

    next logical LT price target is up around $1 fib extension.

    won't be posting much anymore, enjoying freedom and life too much.

    anyhow, enough waffle. chart time. see ya's
 
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Currently unlisted public company.

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