Following comments regarding the 'leaky boat' thread, decided to start a new one. I hesitated to use the term 'imminent' for obvious reasons :-)
Re: SP - it goes without saying that stocks with tight capital structures like RDM are volatile. As Lucky said, "a classic tree shake" & for mine I agree. I can see the SP back in the 20s in no time. Doesn't take much to move this SP either way. It all depends on what narrative you believe or how you are playing this stock.
Re: imminent drill campaign. Any comments/ thoughts?
I contacted Rob last week with a question regarding drill depths of RDM's imminent campaign and he indicated that they "hoped" to test both shallow/ deeper depths. He gave nothing away (as expected) - however, I suspect we will learn more any day now. Mineralisation at higher levels will be good. I reckon the "best stuff" is somewhat deeper. Should know soon enough.
imminent drill campaign
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $32.96M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 10.0¢ | $9.303K | 85.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 584659 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 487749 | 7 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| RDM (ASX) Chart |