It seems USA may be dipping into another Recession, which is not GREAT news for RHM, as they need the companies which they will be dealing with to be strong !
Thinking outside the box, there are companies which deal with transportation/shipping/employment agencies etc, which are all part of Richmonds plan to get drilling and exporting the iron in the future, but if they all face problems, then the "wait" will be extended.
Also if 22cents gets touched with the SP, then 18cents is on the cards! (DYOR)* please note that the following is my opinion.
I am still waiting to Buy RHM, but with the current Market, My wait will continue......
Great info by Mitis, but again the guys in the office will not show the real picture to us, my information is that the fund raising was not as great as Max expected, and "they" will be looking at alternative methods - asap!!!
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RHM Price at posting:
26.0¢ Sentiment: Hold Disclosure: Not Held
