RDM 3.33% 15.5¢ red metal limited

Rio rumors getting another run, page-29

  1. 187 Posts.
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    All due respect Cash hound but to compare AZY with RDM without looking into the fundamentals is very stupid!! RDM acquired the exploration licenses for the Yarrie region only in April of this year. AZY acquired exploration licenses for the Patersons region in 2013 and in October 2015 they entered terms with RIO for them to acquire a Farm in and Joint Venture agreement to fund $60million and earn up to 75% interest in the Citadel project. The licenses AZY have acquired were from multiple years go so you would assume that their progress is well beyond RDM in this region. AZY have conducted exploration studies, soil/rock chip/drilling results with JORC results released some time in the past, yet their share price hasn't moved much at all in the past few years with only 1 spike in 2016. It only flew yesterday because of news article and rumours. Imagine buying AZY back in 2016 and waiting for the JV.....You still be waiting....Some holders would have left and some would have stayed....AZY will take off again when JV is announced. Give RDM more time in the Yarrie region, this is only the beginning!! 
    Last edited by Delcos66: 13/11/18
 
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