RHM
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0.00% 30.5¢ richmond mining limited

Hi Gizard,Normally I would agree - no chance of $180M in this...

  1. osr1986
    2,798 Posts.
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    09/01/12
    14:13
    Post #: 9525974
    Hi Gizard,

    Normally I would agree - no chance of $180M in this market, especially with the estimated opex.
    BUT something a poster mentioned a while ago about a US Senator (GOP??) spruiking the project casts a bit of a wild card into it.
    If it is the GOP, it might be a bit of political football e.g
    Obamas Solar debacle vs a "sucessfull" GOP backed mining project.
    Who knows why we had those buys recently - ammo to help flush the retail investors out of the stock, someone gambling big on news etc etc.
    But SP certianly looks pretty weak atm.
    RHM Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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