RMI - Resource Mining Corporation

[mobcat]

Yeah fair call YT.......... i do like the sell side this is right ATM at 2pm the 2mil on offer at 9 and 9.1 is a nice bait for a player to get on board if it gets taken out in one hit i think we could be in for a nice Friday close if i wasn't already up to my lips and swimming in a sea of RMI ATM i would diffidently take it out help out the team so to speak and finish the week on a peak had another nice top up this morning but that's it for me till 12cent now this is a very nice package IMO and very comfortable being on board

 

[spottygoose]

RDS cap raising:


Details of the Offer
4.1 Purpose of the Offer

The funds raised by the Offer of up to $6,000,000 will be used for the following purposes:

(a) Australia – West Musgrave Projects
i) To fast track further exploration and complete follow-up deep RC and diamond
drilling on the Blackstone Range project as a result of exceptional exploration and
preliminary shallow drilling results. See section 6.2(a) of this Prospectus for more
details of the results from Halleys.
The anomalously large thickness of copper-PGE bearing sulphides intersected by the
drilling is very promising. This indicates a regionally extensive sulphide system that
is very likely to contain economic metal concentrations, particularly more nickel-rich
concentrations along the same mineralized zone to the north-west. To follow this up
will require an extensive and deeper drilling program along the mineralized trend.

etc etc, please note this is only part of the document....

 

[camaybay]

Its good that RMI have 25% interest in Redback Blackstone Range/Michael Hills JV. The Redback PSO is 2500min@$1.20 closed to-day(EOD $1.40) nominating further investigation drilling at Halleys as priority.
Extract from to-day's RMI ann.
The results confirm the previous geological model that massive volumes of sulphide are present
in the Saturn Complex and that the district is highly prospective for world-class Ni-Cu-PGE and
PGE deposits. The Cu-PGE mineralisation so far drilled is likely to be only a small part of a
much larger system nearby.
Extensive deeper drilling is planned for the remainder of this year to follow up the thick
intercepts of mineralisation, in order to test the down-dip and down-plunge position at Halleys
and the Saturn Complex margin to the northwest for Cu-PGE and Ni mineralisation

Only reading the news.
DYOR

 

[Sean K]

This could now consolidate as has been mentioned by others, perhaps within the green circle, and even hit the previous resistance, now support, to the downside which is around 6.4c, but you could expect the upward trend line to be respected, so perhaps 7 cents to the downside more likely.

The short term chart looks a little different than the 3 year weekly posted earlier. Consolidation has started between 8 and 9 and if we get another inside candle, or close to it, Monday then it's a pretty good set up for a flag pole and pennant and another spike. (ideal world) Note volume down while consolidating indicating accumulation. Any disagreements, thoughts?

I still generally stick with the longer term picture described previously however.

(holding)

 

[KIWIKARLOS]

What the hell is going on here today 10c is seriously broken ! and no news or anything? Any ideas why the sudden flurry of buying activity

 

[YOUNG_TRADER]

What the hell is going on here today 10c is seriously broken ! and no news or anything? Any ideas why the sudden flurry of buying activity

What I thought would happen, although its happening alot early than I thought, I actually thought this would consolidate a bit more before making this push but it seems not,

I'm not complaining

Hey Kennarico!

I was confused by your chart at first, but then realised that it was a weekly and not daily,

I don't know if this will fall below 7c let alone 8c over the next month,

I looked at how CUL traded, once it launched from its base of 5c and once it borke 6.4c that acted as support,

Well for RMI the base I see is 6c and it broke out at 7.7c/8c so now I see that as support I doubt that it will drop below 7.7c/8c over the next few weeks,

In fact I expect it to consolidate between 8c and 9.5c pre Wowo assays before it makes it push out above 10c,

Thats my call

 

[KIWIKARLOS]

hahaha right again my friend you certainly have your research well thought out. Hopefully we will get the assays soon, i think we will get a very high spike after ann before a small pull back then continued growth after that. I learnt my lesson with YML and MPO so im not exiting to soon.

I bought MPO at 4 c sold at 3.8 then the next week 12c !

Bought back in at 13 sold 12.5 a month later 30c !:

the good thing is once past the 10 c mark each increment is huge when bought pre 10c.

PS thanks for the research to mate, Im not up on different analysis techniques but i've never trusted charting as a tool for trading.

 

[alanding]

Todays trades at 10.5c has 1,206,000 shares. Nice try
trades at 10c has 12878,000 shares. nice support

 

[toc_bat]

interesting, no one has really sold off screen or sold to a buyer, oh whats the terminology, for the last 30odd minute just a few buys in dribs and rabs, is 30 minutes too a long a period for day traders to stay out of? i mean woul dthe typical day trader start dumping by now?

bye all

edit ok someone just sold $500 worth after a half hour of no selling

 

[YOUNG_TRADER]

OMG I have seen 3x 5M buy orders go through!

Is anyone else watching?

What the hell is going on?

Is this an Insto?

I have never seen such buying before not even on CUL!

Hey Kennarico!

I was confused by your chart at first, but then realised that it was a weekly and not daily,

I don't know if this will fall below 7c let alone 8c over the next month,

I looked at how CUL traded, once it launched from its base of 5c and once it borke 6.4c that acted as support,

Well for RMI the base I see is 6c and it broke out at 7.7c/8c so now I see that as support I doubt that it will drop below 7.7c/8c over the next few weeks,

In fact I expect it to consolidate between 8c and 9.5c pre Wowo assays before it makes it push out above 10c,

Thats my call

 

[Craze0123]

check this out at about 11:08...never seen anything like this before. What the hell is going on....?

 

[YOUNG_TRADER]

No one else watching?

23M buying above 10c, 13m in one line at 12c!!!!!!!!!!!!!!!!!!!!!!!!

What the heck is going on,

Ok YT calm down, calm down, calm down, breathe breathe

 

[SGB]

OMG I have seen 3x 5M buy orders go through!

Is anyone else watching?

What the hell is going on?

Is this an Insto?

I have never seen such buying before not even on CUL!

Currently 13,000,000 support at 12 cent. Goin off the hammers at the moment. Interesting to see how far this will go today..

SGB

 

[Snakey]

Well today my sell price hit 12.5. Now free carrying remainder very happy with that. Should be 15c soon going by momentum. Surprise turn around today.

 

[KIWIKARLOS]

Giddy Up RMI! Unbelievable the numbers above 10c now, could this really be on anticipation of news? the broader market as a whole is down surely day traders cant pump it up this much

 

[Sean K]

Ok YT calm down, calm down, calm down, breathe breathe

Relax YT! Relax! Nothing to see here. Everyone go back to their jobs and cool it. Next resistance around 13 cents, but wait for EOD to start buying Grange!

 

[Craze0123]

Imo its either insider (which i don't it is in this case) pre-ann or some huge investor going for it "on market". Will be interesting to see if the orders get filled or canceled.

 

[KIWIKARLOS]

Well that was short lived that was like 14 mill smashed down in a few minutes surely thats a major holder! Massive volumes today will be interesting to see if 12.5 gets tested again, big boys playing games maybe

 

[SGB]

Imo its either insider (which i don't it is in this case) pre-ann or some huge investor going for it "on market". Will be interesting to see if the orders get filled or canceled.

Coarse of Sales
11:26:37 0.1100 1,500,000 165,000.00 XT

11:26:25 0.1100 2,000,000 220,000.00

11:26:25 0.1150 500,000 57,500.00

 

[YOUNG_TRADER]

Well that was short lived that was like 14 mill smashed down in a few minutes surely thats a major holder! Massive volumes today will be interesting to see if 12.5 gets tested again, big boys playing games maybe

Wasn't sold into at all, was pulled, check chart by trades and you'll see,

The big buying was done today at 11c-12.5c so I have no idea what their game is,

I mean who accumulates like that?