RTM - Reefton Mining

[YOUNG_TRADER]

THOSE SNEAKING SOB's!!!!!!!!!!!!!!!!!


At the end of the 4 page ann you'll find the following,

"With an initial review of the Liwale property in Tanzania now complete, the Board of Directors
considers that the project does not meet its selection criteria and has elected not to pursue the
opportunity. The owners of the licence have been advised that the farm-in agreement is
terminated."


Would have thought that would warrant its own ann,

I'm out for a wee profit

 

[mmmmining]

I'm out for a wee profit

Don't tell us you only made $160... But do appreciate you have informed us.

 

[YOUNG_TRADER]

Don't tell us you only made $160... But do appreciate you have informed us.

Something like that, may cover some of tonights Valentines Day dinner if I'm lucky lol


But yeah as I was waiting for Tanzanian U results, but the dodgey way in which they have "told us" they are withdrawing from the project just confirms to me why 2 years ago I realised it was a dog and promised to never come back

Well RTM like NWT I'll never come back to you, so goodbye forever!

 

[Rob_ee]

Well I guess the name change to MAN hasn't inspired the market.
Down to 2.8c ...soon it may become worthless

Aren't stop losses a wonderful thing ... I bailed at 4.2 from a 4.8 entry.

Maybe I should break my trading rules and jump back in now seeing they are so CHEAP now ?

I am continually reading things in this forum which confound me

People buy at a certain price... it goes down ... they are overjoyed because now they can TOP UP ahead of the market realizing the error of its ways and before it skyrockets to the price they anticipated.

Maybe there is something in that logic and I should jump back in before it is to late ???

Rob

 

[CanOz]

Well I guess the name change to MAN hasn't inspired the market.
Down to 2.8c ...soon it may become worthless

Aren't stop losses a wonderful thing ... I bailed at 4.2 from a 4.8 entry.

Maybe I should break my trading rules and jump back in now seeing they are so CHEAP now ?

I am continually reading things in this forum which confound me

People buy at a certain price... it goes down ... they are overjoyed because now they can TOP UP ahead of the market realizing the error of its ways and before it skyrockets to the price they anticipated.

Maybe there is something in that logic and I should jump back in before it is to late ???

Rob

Unless you have some true fundemental knowledge in a share, adding to a losing position does not usually yeild profit. Thats why even the best fundies could benefit from some chart analysis, to determine the best spots to re enter again.

Cheers,

 

[bobdabuilda]

Re: RTM - Reefton Mining /Magna mining

So whats going on, apart from the sp drop??

 

[ric371]

Re: RTM - Reefton Mining /Magna mining

So whats going on, apart from the sp drop??

Did you not see the new issue announcement?

Placement of 50,000,000 Ordinary Shares at $0.028 each with a free attaching Option (exercisable on or before 30 November 2009 at $0.10 cents each). The placement was approved by Shareholders at the 2006 AGM of the Company. The purpose of the issue will be to fund the Company’s ongoing working capital requirements of its existing projects, fund the evaluation and acquisition of new opportunities and to fund the corporate and administrative activities of the Company (including meeting the costs of the issue)

 

[bobdabuilda]

So its doomed then?