RMS just hit 90 cents. Maybe some profit taking before the close, but LEW is content to sit at this stage.
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RMS just hit 90 cents. Maybe some profit taking before the close, but LEW is content to sit at this stage.
Hi lewinski.
Agree go long. lots going on next 3 - 6 months for RMS. ASX looks good and gold price too.
posted the following on RMS on HC also...
this just looks like a real get up and go coy...
Results of last 3 drills when stitched together look very impressive to me...
Hole # Length Au grade
WDUD0113 From 147m downhole 8m @ 6.7g/t
WDUD0119 From 195m downhole 15m @ 4.7g/t
WDUD0125 From 141m 6m @ 4.5g/t
WDUD0128 From 139m downhole 3m @ 15.5g/t
WDUD0129 From 155m downhole 8m @ 91.2g/t
Including individual 1m @ 698g/t
WDUD0130 From 155m downhole 4m @ 9.5g/t
WDUD0131 From 159m downhole 15m @ 27.3g/t
Including individual 0.5m @ 718g/t
WDUD0150 From167M down hole 9M @ 18.4g/t
Including individual 2m @ 58.4g/t
WDUD0151 From 169m downhole 13m @ 2.9g/t
WDUD0152 From 143m downhole 38m @ 3.9g/t
Including individual 1m @ 68g/t
WDUD0157 From 166 m downhole 6m @ 5.3g/t
Including individual 1m 23g/t
WDUD0160 From 149m down hole 8m @ 6.6g/t
WDUD0163 From160m downhole 9m @ 5.4g/t
Including individual 1m 19g/t
WDUD0165 From 162m downhole 9m@ 3.3g/t
WDUD0167 From 129m downhole 19m @ 86g/t
Including individual 1m @ 1500g/t
Including individual 1m @ 106g/t
WDUD168 From 175m downhole 17m @ 15.4g/t
Including individual 1m @ 95.3g/t
Including individual 1m @ 20g/t
Including individual 1m @ 25g/t
Including individual 1m @ 19g/t
Including individual 1m @ 95g/t
Including individual 1m @ 21g/t
-------------------------------------------------------
In progress now:
Mt magnet 10,000m rc and dd commenced early sept.
Mt Windsor drilling 2 significant anomalies sept and october – similiar to nearby 3M au oz Mt Leyshon (RMS earning 60% from LTR)
Wattle dam new incline commencing October, will allow for next deep drill stage from carrying on from 300-600m.
Glen Isla 3 RC holes in September (RMS earning 75% from CAP)
Nevada gold project drilling to commence oct. Rock chip samples to date show3m @ 25g/t au with 89g/ag and 1m @ 57g/t. au. RMS to earn 70% from MEU
This Company have been exceeding forecasts big time for the last 6 months following their failed takeover attempt of Dioro. Avoca won that round and left RMS with not only a very large cash pot and no debt but also an ever increasing revenue steam with which to investigate other interesting seams around Aus and US. A 5c capital return a few months ago when the share price was around 50c was a pleasant thank you to shareholders, whilst the results from not only Wattle Dam but also their newer projects suggest continued success for RMS. A nugget of joy!
very interesting close also on Friday. Something like 1m appeared suddenly in pre-close and traded through to close at 85c. IMO 85 will mark the low to the recent pullback with the next move through that $1 barrier. Bigger % gains from their for early holders from here up...if one hangs on.
Sprott AM buying more shares last week. The reason for the odd close Friday.
Off again next : )
Hi Phaedrus, if you have a moment can you pls take a look at the RMS chart. Does it have the look of a Swiss Stair?
Call it what you like, Jess - a rose by any other name would still smell as sweet!
If I were in your enviable position, I would be watching the OBV very closely for any sign of significant numbers of punters bailing out. I would ignore the recent RSI "sell" signal (I didn't even mark it on the chart). Uptrending stocks commonly move in and out of the "OverBought" zone (>80) generating many premature "sell" signals in the process.
In the midst of all the action and hype surrounding stocks like this, look how clearly and simply the OBV plot presents the reality of the situation. Note too the accuracy of its previous signals.
http://i602.photobucket.com/albums/t...sPB/RMS923.gif
A big cheers for that. Your input duly noted. OBV it is then. Simple (when it works) is the best.
Slow stochastic 5,5 signaled a s/term sell, which proved about right. I see too that it is almost ready to signal a buy now. I continue to hold. Have been watching volumes on the down days. Still lower compared to the up days. My guess is oversold now, and a tue/wed upswing and the quick march up resumes. At a guess I think the next major block maybe around previous all time highs 1.60-1.70. This is also approx 100% of recent buy in level. I note this sell off is approx at 100% gain to recent lows. Maybe this continues with another three distinct legs up till the previous high? Too much guessing, will watch daily closes closely from here. No auto stops.