RBM redbank mines limited

similar trading pattern to yesterday

  1. 5,331 Posts.

    looks like RBM has found a comfortable range between 15.5c and 17.5c, since most of the day traders have left it buyers are happy to buy up to 17-17.5c before sellers stop the advance. It will probably trade in a relatively tight channel until the next announcement concerning the commencement of the next round of drilling which could happen any day now. And when investors have a time frame for the next drilling results the share price will climb in anticipation of another round of excellent results

    Surely one day the market will wake up to the exploration potential of RBM not to mention they are already sitting on of $500 million dollars of copper and gold with the latest round of drilling not included in the resource calculations.
 
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