I think there is a grain of logic in all most recent posts. No doubt RMG have a pretty good idea of what they've got in the ground & no doubt they will release it at the perceived 'best' time. I also think the grand plan is not complete, maybe an additional lease or two may need to be concluded or agreements with neighbouring land holders not yet signed & sealed.
JR and the gang have dollars, reputation and time invested in this baby & will definitely want it to succeed. Just look at your definition of success for this stock. It's currently .007c, it only has to go to 2.1c to have risen 300%, in the very short term it could be .01c in a blink. The highest I remember was a couple of years ago in the upper 3c. This thing could show substantial returns for not very much great news.
Personally, I don't think we will have to wait until copper sets record prices. The copper price has recovered considerably in the past few weeks & we are in the grips of world wide recession. Just wait till the world starts to kick into gear & the price of copper will soar - probably first & highest of the commodities. Luckily I am not of the opinion that we RMG holders will have to wait that long to see genuine share price improvement.
RMG Price at posting:
0.7¢ Sentiment: ST Buy Disclosure: Held
