Thanks for your explanation TJ1988 :). Yes we need to keep a...

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Silver-Lining

807 Posts.

12/07/14

17:13

Post #: 13650467
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Originally posted by TJ1988 ↑

near July 2007 it was $20.80 recorded as the record high of all time for RMR, a few factors that could have influenced the price coming down could been that share placements over the years to raise money dilutes prices if no assets or value is added, secondly could be that the company simply hasn't had any success or achievements to keep the share price afloat, regardless you can also see SIR once had a recorded high of $24.48 but these do not indicate anything in regards to where the company will be or what the share price should be re rated at.... I'm sorry to say after much research over the last day and a half and charting my conclusion for the current share price is that within the next 2 weeks we will see a correction back near 1c mark could be the coming week or the following where it will sit until the news of the drill results positive/negative are announced taking it permanently north or south of the 1c mark and another logical way to look at it is that the market will realize that yes we have started drilling but the fact that drilling could turn out negative and will correct itself, I think the reports and promotions may have had some influence there, so I will be reconsidering the rest of my holdings on Monday

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Thanks for your explanation TJ1988 . Yes we need to keep a close eye on the SP - Monday will be a very interesting day for a few on my shares. Good luck everyone and enjoy the rest of your weekend.

RMR Price at posting: 1.7¢ Sentiment: None Disclosure: Held
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0 Great analysis

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Thanks for your explanation TJ1988 :). Yes we need to keep a...

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