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Trifke

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16/05/16

08:29

Post #: 17773777
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Originally posted by Deme ↑

Plenty of spec coin starting to trickle into RDM. As others have noted, this is a tightly held stock, so it is most definitely on the verge of exploding, as supply dries up. Virtually nothing on the sell side up to 15c. Good luck building a large position in RDM < 15c.

History buffs would be able to recall the last time this stock ran - it exploded to 50c in a matter of months. That was on their (single) silver play (Maronan). Since then, they have announced a JORC resource at Maronan (on limited drilling, especially at depth). * NB: For newbies, I am very bullish on the theory that they are sitting on another Cannington, albeit at depth.

Rob looked into the lithium boom and felt there were too many potential low-cost suppliers waiting in the wings. Strategically, RDM have chosen to focus on their base metal assets. Better to spread the risk across commodities, focus on the imminent boom in cobalt, and shortages in zinc. They are also looking to exploit AUD strength in gold assets (looking forward to receiving confirmation of their gold tenement apps in the next few months).

In my four decades of investing, I am yet to come across such as shrewd, clever, shareholder focused bunch of managers in the mining space. With:

Maronan - JORC (silver, copper, zinc, gold)
Copper/ Cobalt play
Zinc plays
Gold plays
Potash play

And cash, they are one of the best placed junior exploration companies on the ASX.

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well said Deme! I look forward to the ride again like a few years ago and you're right it exploded in a few months!

RDM Price at posting: 9.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 11.5¢		Change 0.005(4.55%)		Mkt cap ! $34.46M

Open	High	Low	Value	Volume
11.0¢	11.5¢	11.0¢	$3.092K	26.89K

Buyers (Bids)

No.	Vol.	Price($)
6	256622	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
11.5¢	242875	3

View Market Depth

No.	Vol.	Price($)
6	256622	0.110
6	362596	0.105
15	737514	0.100
1	100000	0.099
1	10000	0.098

Price($)	Vol.	No.
0.115	242875	3
0.120	311866	3
0.125	41666	1
0.130	101284	2
0.135	157518	4

Last trade - 16.10pm 02/10/2024 (20 minute delay)

RDM (ASX) Chart

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