RDM 4.55% 10.5¢ red metal limited

Ann: Drilling Underway in Tennant Creek Copper Targets, page-15

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  1. 431 Posts.
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    Here I was looking at the SP fall and thinking RDM are value at these levels. Then I looked at the last quarterly report to see that the company predicted that there would be ~$1M in the bank at Dec 31. They will be forced to tell the market how broke they are in the next couple of weeks. So for me the falling SP is due to RDM being broke and a capital raise in the $0.07 to $0.085 range is imminent.

    The market knows this and is pushing down the price for a the cheapest CR possible. The only hope is that there are any decent drill results. There are two possibles at Punt Hill and Tennant Ck. Since there has been no announcement the results are probably mediocre at best.

 
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Last
10.5¢
Change
-0.005(4.55%)
Mkt cap ! $37.45M
Open High Low Value Volume
11.0¢ 11.0¢ 10.5¢ $2.548K 24.03K

Buyers (Bids)

No. Vol. Price($)
15 1422497 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 596185 9
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