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4.55%

10.5¢ red metal limited

yep....Theories, beliefs, what ifs are not what counts.....just...

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16/01/19

10:07

Post #: 37128259
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Originally posted by Pushhi: ↑

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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yep....

Theories, beliefs, what ifs are not what counts.....just results.
Every January is the same. Why will 2019, how will 2019 be different?

Apparently each year in January there is robust suggestion of our great targets....

RDM Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	28619	0.097
2	129237	0.095
1	50000	0.090
1	30000	0.088
1	50000	0.086

Price($)	Vol.	No.
0.100	100000	1
0.105	3000	1
0.110	142037	4
0.115	405715	3
0.125	74000	2

Last trade - 14.10pm 29/11/2024 (20 minute delay)

RDM (ASX) Chart