RDM 0.00% 16.5¢ red metal limited

Price catalysts for 2017, page-63

  1. 2,831 Posts.
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    As an investor, it's a requirement to price the stock in which you invest at a value that either warrants a buy (or a short sale [or no activity]), which we then hope is followed by a move in the "right" direction according to your valuation.

    Pricing up a stock like RDM - whilst more simple with not as many moving parts as a Co such as BHP or RIO, is fundamentally still not easy. Impacted by sentiment, or sentiments, toward the sector, then as a subset - towards explorers. An explorer also has its unique challenges with 'potential' of deposits or tenements needing to be assessed, crossed against outlook for commodities etc in a way predicting sentiment. Then there is management, financing and on and on.

    As we see too often on HC some folks don't have the ability to make an assessment, or are otherwise not comfortable with fluctuating MCaps and instead spread that issue as frustration in various HC threads. They are easy to ignore as they aren't rational investors, and go with emotion and rarely provide supporting arguments. We hit "ignore" and move on.

    Where does appropriate value for RDM lie? Below 10c was insulting, so far north of there. There's still plenty more upwards momentum to come IMO. But that is just one punter's opinion and as a speccy investor, I am comfortable with that and any unpredictability that may come - that is what I am here for.
 
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Last
16.5¢
Change
0.000(0.00%)
Mkt cap ! $49.42M
Open High Low Value Volume
16.0¢ 16.5¢ 16.0¢ $24.36K 148.2K

Buyers (Bids)

No. Vol. Price($)
2 52332 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 62922 2
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Last trade - 16.10pm 18/07/2024 (20 minute delay) ?
RDM (ASX) Chart
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