RHM 0.00% 30.5¢ richmond mining limited

Hi Everyone, been great to read the posts of late. I have a few...

  1. 3,740 Posts.
    Hi Everyone, been great to read the posts of late. I have a few questions hoping for some of your thinking. lets say with this latest down turn , if you wanted to accumulate a few (alot), but didnt want to pay to much (cheecky buggar)where would you start, or would you wait for a bottom. I also have read that a resource up-grade is due, and iron-ore prices look bullish going forward. the prices used by the company (rhm) have been very conservitive (oimo). I also feel that the line drawn across or along the ascending tops , will become the bottom or base in the future at the same angle, anyone thinking along those lines.my thinking for this is based on a long term hold, as i find these iron-ore plays better suited to the long term.Also any thoughts on the funding for the project, although 50 mil. doesnt seem to hard to find if you have the goods, the company if talking about funding for the start of production, Banks ???. thanks in advance. Mono.
 
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