Hello Everyone,
Does anyone Think like me, that Glencore Corp.could have A 'Broker Pushing Down the Share Price of RBM ?
The people working at RBM could unaware of this.
Glencore have Boat loads of Money.
There are many ways Glencore Corp. would have obtained their Money, and One of them would have been Buying at Bargin Prices,therefore this could be a reason why Glencore are not putting more Money into RBM at this Stage and like to see RBM as Cheap as Chips on the A.S.X..
(Glencore did well buying out Mt. Isa at a Bargin Price).
To me, it looks like RBM is trying to raise Funds to do some Deeper Drilling. That recent Placement will help, and Funds should soon improve from their Production phase.
I've reduced my Sentiment to Hold,because why should RBM do all the work, while Glencore just Sit in Grandstand.
No responsability taken for any losses in association with this Posting.
Good Luck,
moly
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