RMI - Resource Mining Corporation
- Thread starter el_ninj0
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Re: RMI-Wo-Wo...........
Well....No one seems to hold this little gem....OR they don't care.....
......Please keep an eye Monday, before the market opens.....You may make a quick buck or two.........
Cheers!
PS. Any kind soul around here?
Can anyone do us a small favour?
There is a guy over at Hotcopper who goes by the nick "Rolfy".....I have noticed of late he was only posting on RMI and to be honest the poor bloke sounded very very desponded...Could someone from here go over at the H/C and post this:
Rolfy...Your ordeal is OVER. Monday is the day. RMI will fly (on behalf of Epsilon-he can come here and sent me a private message)......
Please tell him that I , epsilon asked you to do this small favour. Thanking you in advance
.....
PS1. I cannot post in H/C. They do not like being exposed when their very own "people"hack my computer and alter my password , so I cannot logon to H/C, so they banned me. I am sure, some other "kind souls"who also post here are aware of what I am talking about......
Well....No one seems to hold this little gem....OR they don't care.....
......Please keep an eye Monday, before the market opens.....You may make a quick buck or two.........
Cheers!
PS. Any kind soul around here?
Can anyone do us a small favour?
There is a guy over at Hotcopper who goes by the nick "Rolfy".....I have noticed of late he was only posting on RMI and to be honest the poor bloke sounded very very desponded...Could someone from here go over at the H/C and post this:
Rolfy...Your ordeal is OVER. Monday is the day. RMI will fly (on behalf of Epsilon-he can come here and sent me a private message)......
Please tell him that I , epsilon asked you to do this small favour. Thanking you in advance
.....PS1. I cannot post in H/C. They do not like being exposed when their very own "people"hack my computer and alter my password , so I cannot logon to H/C, so they banned me. I am sure, some other "kind souls"who also post here are aware of what I am talking about......
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Re: RMI-Wo-Wo...........
Two words - Nickel Laterite... See JRV... Might be a goer - but that was the first thing that i saw in the last 1/4trly... Laterites are NOT fun to process...
:samurai:
Two words - Nickel Laterite... See JRV... Might be a goer - but that was the first thing that i saw in the last 1/4trly... Laterites are NOT fun to process...
:samurai:
Re: RMI-Wo-Wo...........
"Sodapop...My dear friend....
Have a look at Minara......Laterite nickel...From memory about the same grades......Share Price? About $5?
Well......This one: Has been the best kept secret...Over 1,2 million tones of Nickel.....
Well above most present Australian Nickel "goers"......
We have to wait until Monday....
PS. Please , do go to H/C and just under RMI....Write Rolfy...Your Ordeal Is over!
Thanks)
"Sodapop...My dear friend....
Have a look at Minara......Laterite nickel...From memory about the same grades......Share Price? About $5?
Well......This one: Has been the best kept secret...Over 1,2 million tones of Nickel.....
Well above most present Australian Nickel "goers"......
We have to wait until Monday....
PS. Please , do go to H/C and just under RMI....Write Rolfy...Your Ordeal Is over!
Thanks
)
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Re: RMI-Wo-Wo...........
Yeah have a look at Minara (Anaconda) - ask Andrew Forrest (and the US Bond holders who got 30 cents to the dollar) about it... Anaconda (what i prefer to know it by) - was a facsinating saga, yeah Minara is up and running (Andrew Forrest is a genius - really) - but i severly doubt if many laterite projects will get up if Ni returns to anything near historical prices (do a search on Cawse and Bulong for other Ni laterite "success stories") or unless they discover a different liberation process...
Anyway let's wait til Monday... shan't we... hell i might even take a punt - it does look interesting as a s/t trade if the stars line up...
Yeah have a look at Minara (Anaconda) - ask Andrew Forrest (and the US Bond holders who got 30 cents to the dollar) about it... Anaconda (what i prefer to know it by) - was a facsinating saga, yeah Minara is up and running (Andrew Forrest is a genius - really) - but i severly doubt if many laterite projects will get up if Ni returns to anything near historical prices (do a search on Cawse and Bulong for other Ni laterite "success stories") or unless they discover a different liberation process...
Anyway let's wait til Monday... shan't we... hell i might even take a punt - it does look interesting as a s/t trade if the stars line up...
Re: RMI-Wo-Wo...........
Sod (sorry, no pejoratively meant),
Why my good friend Nickel, OR any other metal will, should return back to this stupidly expressed, "historical price"...What Historical prices?
The ABARE idiots?
OR the Access economics drones?
OR the International BIG Found Managers?
All three (the latter, ONLY know, BUT for obvious reasons utter what they utter, when the utter, what they utter Because they MUST...) are WRONG.
Here is the why:
How can it possibly with INFLATION (Historically, önly", that is) be what it NATUARALLY IS (UP) is, prices can go back?
Everything else is going stratospherically upwards, and these idiots still say gold, mid-500.s, (ABARE'S for this, current year) metals back to....Are they real economists?
If that were to be the case, -prices going backwards- our Economies would be confronted with a much worst situation, a total anathema, called DEFLATION...In other words: When everything else is going up, YOU CAN NOT PREDICT downward trajectory for metal prices.
Here is (in simple terms, due to time, space, and environment) the ABSOLUTE why:
Like Petrrol, there is such thing as:
Metal peak as well.
No one AS YET has upon it elaborated, however, A).
the world wide drilling for base metals\gold\Uranium confirms this.
B). The world's population is INCREASING , thus more need for basic infrastructure is needed.
C).
China, India, South America, Africa,Asia etc......These countries ARE MARKETS.
Markets, potential markets for our capitalistic System to expand and LIVE, SURVIVE that is....
How can that happen?
Simple.
Only IF Globalisation goes further, engulfs more people, improves the life styles of more humans...
For that to occur, you need to enhance the standard of living and their purchasing capacity\power.....Before that...The infranstructure of all those newly emerging nations MUST improve!
To improve the infrastructure they NEED METALS (More so than Gold and diamonds)....
Metals (Nickel, Copper, Aluminium, Zinc, etc...-Not to mention Uranium as the Future #1 Energy provider).......
So....Where were we?
Aaaaa...yeah...Historical prices.......what a laugh!
Those guys MUST go and historically meet their fate....The oubliettes of failed, useless economists!
Cheers)
Sodapop said:
Sod (sorry, no pejoratively meant),
Why my good friend Nickel, OR any other metal will, should return back to this stupidly expressed, "historical price"...What Historical prices?
The ABARE idiots?
OR the Access economics drones?
OR the International BIG Found Managers?
All three (the latter, ONLY know, BUT for obvious reasons utter what they utter, when the utter, what they utter Because they MUST...) are WRONG.
Here is the why:
How can it possibly with INFLATION (Historically, önly", that is) be what it NATUARALLY IS (UP) is, prices can go back?
Everything else is going stratospherically upwards, and these idiots still say gold, mid-500.s, (ABARE'S for this, current year) metals back to....Are they real economists?
If that were to be the case, -prices going backwards- our Economies would be confronted with a much worst situation, a total anathema, called DEFLATION...In other words: When everything else is going up, YOU CAN NOT PREDICT downward trajectory for metal prices.
Here is (in simple terms, due to time, space, and environment) the ABSOLUTE why:
Like Petrrol, there is such thing as:
Metal peak as well.
No one AS YET has upon it elaborated, however, A).
the world wide drilling for base metals\gold\Uranium confirms this.
B). The world's population is INCREASING , thus more need for basic infrastructure is needed.
C).
China, India, South America, Africa,Asia etc......These countries ARE MARKETS.
Markets, potential markets for our capitalistic System to expand and LIVE, SURVIVE that is....
How can that happen?
Simple.
Only IF Globalisation goes further, engulfs more people, improves the life styles of more humans...
For that to occur, you need to enhance the standard of living and their purchasing capacity\power.....Before that...The infranstructure of all those newly emerging nations MUST improve!
To improve the infrastructure they NEED METALS (More so than Gold and diamonds)....
Metals (Nickel, Copper, Aluminium, Zinc, etc...-Not to mention Uranium as the Future #1 Energy provider).......
So....Where were we?
Aaaaa...yeah...Historical prices.......what a laugh!
Those guys MUST go and historically meet their fate....The oubliettes of failed, useless economists!
Cheers
)
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RMI has an incredible project, I've watched it for awhile, key word watched
While its nickel project at Wowo is Laterite, it is of reasonable grades and is near surface and is of a similar nature to Ramu (see HIG, has small share Chinese company came in and took out funding and majority interest)
RMI needs to find a JV partner to get this going, but its management is ****, I mean really ****, look at what they did, a few months ago they ann a SPP @ 5c with 1:2 free opies, now the best they can do is a ****ty placement @ 2.3c,
Well done!, I feel sorry for shareholders, I'd be pissed if I were you, why? Because RMI did a 10:1 share consolidation to get its share price above 2c and just look where its heading now
While its nickel project at Wowo is Laterite, it is of reasonable grades and is near surface and is of a similar nature to Ramu (see HIG, has small share Chinese company came in and took out funding and majority interest)
RMI needs to find a JV partner to get this going, but its management is ****, I mean really ****, look at what they did, a few months ago they ann a SPP @ 5c with 1:2 free opies, now the best they can do is a ****ty placement @ 2.3c,
Well done!, I feel sorry for shareholders, I'd be pissed if I were you, why? Because RMI did a 10:1 share consolidation to get its share price above 2c and just look where its heading now
it is an interesting company, for a 2 bit explorer it has some heavyweights showing a lot of interest
********************************************************
Lost WA ore surfaces in China battle
By John Phaceas, Perth
March 13, 2006
AdvertisementAdvertisement
A LONG-OVERLOOKED iron ore deposit in the Kimberley has become the latest battle ground in China's struggle to lock up supplies of the key steel-making material.
While Australian and Chinese diplomats lock horns over China's efforts to cap the price of iron ore imports, aggressive Chinese iron ore trader Sinom is mounting a push to oust the board of tiny West Australian explorer Resource Mining Corporation.
The contest for control of the small but rich Argyle iron ore project, 120 kilometres south of Wyndham, has also enmeshed Mt Gibson Iron and South African mining and steel baron Ralph Oppenheimer.
Sinom is one of Asia's fastest-growing iron ore traders, with plans to secure an annual production base of about 10 million tonnes.
Sinom was an early investor in RMC, after it acquired the Argyle project in 2004, and now owns about 6.5 per cent of the company.
RMC has scheduled an extraordinary meeting for April 11 after receiving a notice from Sinom, seeking to oust newly appointed director Peter Jermyn and incumbent chairman Sarbir Singh Jholl.
In their place, Sinom nominated former Bao Steel executive Zhang Chi, former Allstate Exploration and Gympie Gold executive John Leach and Mt Gibson Iron finance director Alan Rule. Mt Gibson is RMC's biggest shareholder with 13.2 per cent, while Mr Oppenheimer's Dominant Holdings last month acquired a 6.1 per cent stake from the Oppenheimer-controlled steel group Stemcor.
RMC executive director Warwick Davies said he was as much in the dark as investors about Sinom's motivation.
"It's destabilising to say the least, and it's not helpful," he said. "I'm just trying to get an iron ore project up and running"
********************************************************
Lost WA ore surfaces in China battle
By John Phaceas, Perth
March 13, 2006
AdvertisementAdvertisement
A LONG-OVERLOOKED iron ore deposit in the Kimberley has become the latest battle ground in China's struggle to lock up supplies of the key steel-making material.
While Australian and Chinese diplomats lock horns over China's efforts to cap the price of iron ore imports, aggressive Chinese iron ore trader Sinom is mounting a push to oust the board of tiny West Australian explorer Resource Mining Corporation.
The contest for control of the small but rich Argyle iron ore project, 120 kilometres south of Wyndham, has also enmeshed Mt Gibson Iron and South African mining and steel baron Ralph Oppenheimer.
Sinom is one of Asia's fastest-growing iron ore traders, with plans to secure an annual production base of about 10 million tonnes.
Sinom was an early investor in RMC, after it acquired the Argyle project in 2004, and now owns about 6.5 per cent of the company.
RMC has scheduled an extraordinary meeting for April 11 after receiving a notice from Sinom, seeking to oust newly appointed director Peter Jermyn and incumbent chairman Sarbir Singh Jholl.
In their place, Sinom nominated former Bao Steel executive Zhang Chi, former Allstate Exploration and Gympie Gold executive John Leach and Mt Gibson Iron finance director Alan Rule. Mt Gibson is RMC's biggest shareholder with 13.2 per cent, while Mr Oppenheimer's Dominant Holdings last month acquired a 6.1 per cent stake from the Oppenheimer-controlled steel group Stemcor.
RMC executive director Warwick Davies said he was as much in the dark as investors about Sinom's motivation.
"It's destabilising to say the least, and it's not helpful," he said. "I'm just trying to get an iron ore project up and running"
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Need to bump this thread due to much action today and massive share price rise (54.55%), followed by a speeding ticket.
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Well it would have been nice to have picked that one on open. Maybe its found a bottom (certainly couldn't have gone much lower). Got decent volume as well.
Whats their fundamentals STC, is it a hematite deposit or manganite and whats their market cap?
Whats their fundamentals STC, is it a hematite deposit or manganite and whats their market cap?
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Freeballinginawetsuit said:
I thought this is a nickel play. Maybe some traders are playing this stock together? The volume is 8% of total.
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Nickel and Iron and Cobalt.........been some Chinese buying via SINOM recently....
Lots of 1mn+ bids today......If the closing auction had not been cancelled due to an ann.... then I it would have closed at 5.3 - 5.4 the days high.
All looking good for tomorrow
EB
Lots of 1mn+ bids today......If the closing auction had not been cancelled due to an ann.... then I it would have closed at 5.3 - 5.4 the days high.
All looking good for tomorrow
EB
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exberliner1 said:
Has Iron and Cobalt? It is great. Obviously I have not done enough research. I only know they have Millions tons of contained nickel, although grade like 1%, but the in ground value is tens of billions. No wonder Chinese like it. They are after resources. I hope the speed ticket will not scare away some traders.
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Youve obviously had a quick read champ, whats the Fe grading in their samples?
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Had a quick read I'll have a better look in the Morning.
Seems like they have a 17 million tonne JORC hematite resource at 55% Fe over a 3km strike length at their Argyle tenement.
Pretty miniscule cap and their seems to be a bit of a connection with one of the Directors with Mt Gibson. Not shy on issuing themselves shares though!.
Seems like they have a 17 million tonne JORC hematite resource at 55% Fe over a 3km strike length at their Argyle tenement.
Pretty miniscule cap and their seems to be a bit of a connection with one of the Directors with Mt Gibson. Not shy on issuing themselves shares though!.
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Just a thought, but I reckon a few MLS holders jumped ship yesterday and took up positions in RMI for a quick profit
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RMI has Chinese written all over it... they want it. After careful reading I have come to one conclusion that RMI is well placed in 2007 to deliver a rise in its share price.
Massive nickel and iron ore projects planned, and discussions underway with our friendly neighbours, the Chinese.
Awaiting news on a joint venture!
Massive nickel and iron ore projects planned, and discussions underway with our friendly neighbours, the Chinese.
Awaiting news on a joint venture!
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Nickel prices up overnight, and indeed all base metals this will support upwards momentum on RMI.
Have traded RMI over the past 2 weeks, and doing very well out of it.
Looking for an open this morning of 6 cents.
Have traded RMI over the past 2 weeks, and doing very well out of it.
Looking for an open this morning of 6 cents.
Looking into buying into this stock pending on the monday opening price. I like the look of the chart. I think 2 things can happen 2morro, either a small retrace to consolidate after last weeks big rise (me holding off buying) or a continuation in trend (definite buy). We will have to wait and see. Got my hand on the trigger.........and the alt-tab button. (I'm going to be at work.)
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