connorm ... RA Targets...Hi connorm...
Targets are somewhat difficult to make, as there are so many factors that will influence any prediction...
That being said, there are a couple of aspects of this company that I am looking at...
1) The boys behind this are not in this for 50% returns... They have also been around and are connected to "the right" people...
2) There is a BUZ circulating around REE's and the sector is heating up... It is always good to get involved in the current "hot" story...
3) RA is drilling and should provide us with a steady news flow... This is also important as it will create a buz as well that will compliment the current BUZ within the REE space... Along with this, there are some major shareholders that have heavy influence that will be talking about this story as it develops...
4) RA is totally cashed up... THIS is VERY IMPORTANT and means that they can pick and choose future financings that are in their favor... They have big bucks for a micro ... This limits the downside risk considerably...
5) As far as targets... One is left with the chart, which suggests that there is a good chance that we will test resistance at certain levels durring the drill campain... They are roughly as fallows...
***First at .29 ish
***Then fairly clear sailing to about .39 ish (Large resistance at this level)
***then about .50-.51 ish
*** The real excitement will be if we get to the 52 week high at .68... If we can break this, the sky is the limit, but we have a long way to go to get there... However, because of the BUZ within the REE space... Any major announcement or successful drill results may gap this thing right out of left field...
All IMHO ...
Hope that helps...
Cussy, the Windsurfer:)