Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.

TSXV:RML - Post by User

Rusoro Mining Ltd

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Comment by misterz26on Sep 23, 2016 5:16pm

112 Views

Post# 25272318

RE:Low volume - Spring being wound

LoucieBrown wrote: Small penetration on small volume. Looks like spring being wound up..

https://www.investinganswers.com/financial-dictionary/technical-analysis/springs-and-upthrusts-902

Could explode later today or next week on upside. Only 5 weeks of trading before Oct 31 payment for gold reserve.

Predicting $.30 next week, $.40 first week of Oct, $.55-65 third week of October.

Good luck to all

Can you explain how this is Small penetration on small volume for those, like me, who are not too familiar with technical analysis ?
What chart should we look at ? 7 days ? 30 days ?

Thank you

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