Well we have 1 week im guessing until RHM management go on xmas break, so here is hoping we get at least one positive announcement before then. SP has been weak, but im hoping its from people selling to facilitate option exercising. If that is the case and we get a good announcement in the next week im hoping to finish the year about 38c.
With the PFS due before end of March, i will be holding my shares until then, with the hope that the SP will rise to around 50c pre announcement of PFS. Providing the PFS shows cost of production to be less than $70/t, i would consider that to be very positive, and for a SP around 90c.
At the current price there is little downside IMO, with a backup of Doolgunna and Narracoota. The major downside moving on will be if management cant meet the very loose timeline they have stated.
Goodluck to everybody, especially the experienced posters and chartists!
RHM Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held