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RDM

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2.78%

17.5¢ red metal limited

As suggested , the current sp can probably be seen as valuing...

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pimply56

3,603 Posts.

33

15/02/24

17:53

Post #: 72429539
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Originally posted by Kipper01: ↑

A "really big" proven resource as you suggest - say 20-30 plus years mine life, is perfectly adequate and sounds ideal. TOO big almost spoils it(!) and what's the point anyway. (unless you're trying to sell the business) In five/ten years time you might step it out to maintain the ongoing "30 years mine life" status situation. Cheaper to establish this now ... and quicker. If this continues as its going so far, this is a dream situation (stock) to be sitting in with not a negative aspect from what I can see.

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As suggested , the current sp can probably be seen as valuing Sybella .

When the drills start up again at Maronan, and on the elephant project up near Winu it will be interesting .
Yarrie to be drilled sometime in '24

RDM Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 17.5¢		Change -0.005(2.78%)		Mkt cap ! $52.38M

Open	High	Low	Value	Volume
18.5¢	18.5¢	17.0¢	$71.51K	404.2K

Buyers (Bids)

No.	Vol.	Price($)
4	181267	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	72497	2

View Market Depth

No.	Vol.	Price($)
3	159867	0.170
2	34533	0.165
1	184500	0.160
6	159655	0.155
8	100326	0.150

Price($)	Vol.	No.
0.175	72497	2
0.180	8155	1
0.185	141165	4
0.190	92473	3
0.195	105641	5

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last 17.0¢			Change -0.005 ( 8.11 %)
Open	High		Low	Volume
18.0¢	18.0¢		17.0¢	209248
Last updated 15.54pm 21/05/2024 ?

RDM (ASX) Chart

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