OTCQX:RPMGD - Post by User
Comment by
Synchronouson Oct 02, 2008 1:34am
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Post# 15498914
If thinking of adding.
If thinking of adding.Same Anon who has been beating us down all the way along.... was selling me shares at 0.125 .. what 1.5 weeks ago?
Without buying support we will keep moving down... into Xmas selling.
Otherhand ..since its so crazy undervalued it could fly away any day.
If you are buying .. just buy a portion every day. Use leftovers from other trades ... which was my case.
Yes a few cents drop is a large % ... but the upside is more than a few cents.
Figure a bottom around 0.13-0.15 but the upside potential should push past 0.50 easy.
Only question is how long to wait.
RPM has to get a Feasibility study done on Wilco before Newmont can move in.
There is already enough gold found on wilco that newmont forming the JV is a no-brainer.
But I'm figuring another exploration cycle coming on wilco since this year's results sound positive yet again.
Also... Northern miner 's stat of 41million shares fully diluted... is not really a concern.
Most those are warrent not kicking in till 0.80-1.00. Rest are options showing up around 0.47 wieghted average.
... and that would be a lot of extra cash pushed into the company to vest those. :P roughly another 8-9million?