However, here we go. Not sure about what the price was when the JV rumblings on funding started etc, but if a price expectation was set maybe around the current price, it is now being pushed down to ensure the gap isnt so large after the run ?
I know a major buyer was interested & had been accumalating hence the spike. This may have now overrun any agreed JV price. I have heard that the Chinese JV is still on, but given the closeness of the FS they just decided to wait before finaslising.
Doesnt take much for this stock to go up or down. Maybe now its oversold though as other people have panicked.
I think it is a real opportunity (I wish I had more funds)as I would be expecting the JV to get resolved now & the stock promoted on via a roadshow.
Sid
RHM Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
