RDM 0.00% 13.0¢ red metal limited

I am also waiting on metallurgy before I buy in. No indications...

  1. 271 Posts.
    lightbulb Created with Sketch. 197
    I am also waiting on metallurgy before I buy in. No indications from management on timing, just when they started the work in October. Bit disappointed in the price action waiting on the sidelines tbh, it's gone up from mid 8's now to 11c (30%) without any news and on volume. Guess that's the price you pay for waiting for a derisking event.

    I looked at the met results for a few others (copy below from a previous post of mine), the fastest companies from discovery to met results were OD6 and VSR, both 5 months (keep in mind these results were very simple, a handful of diagnostic leach tests). Most companies were 8-9 months.
    https://hotcopper.com.au/data/attachments/5869/5869959-6880184d03e4c10d6084a73bea9e49e5.jpg
    If RDM get something out before aus day, they would be the fastest company in australia for met release from discovery. So I am thinking between Australia day and V day as a guess, around the same as VSR and OD6.
 
watchlist Created with Sketch. Add RDM (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.000(0.00%)
Mkt cap ! $38.95M
Open High Low Value Volume
13.0¢ 13.0¢ 13.0¢ $13.05K 100.4K

Buyers (Bids)

No. Vol. Price($)
1 1744 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 105000 3
View Market Depth
Last trade - 15.46pm 16/08/2024 (20 minute delay) ?
RDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.