I think it kinda speaks for itself JD. I doubt (know) it is not just one single buyer but I guess it mostly is, so I draw the conclusion that the recent agreement (announcement) was a popular one. Also, it was announced that the Qld zinc & copper deposit was progressing toward commercialisation - so who knows, maybe it might be pay day up there? I reality, the price has been as low as it is possible to go (one tenth of one cent) so the upside is huge with the only down side being receivership & last time I read, there is money still in the bank. Even at .002c this has the potential to make investors buying in at this level a serious financial return. For us long (long, long, long) term holders who have (hopefully) averaged down to well below .01c are looking at potentially salvaging their initial investment & quite likely turning a profit. I am certainly not a seller at these levels though I admit to being a buyer at .001 & .002 & before anyone asks NO not 100 million shares. It will be interesting to see who, if anyone, is unmasked as either the big time seller or conversely a big time buyer in the next few days.
I, like many of us, look forward to potential rise & activity to come. Mr Kirtlan & his team has certainly been busy trying to create a silk purse out of what they inherited.
RMG Price at posting:
0.2¢ Sentiment: ST Buy Disclosure: Held
