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Revett Mining Company, Inc. Message Board

  • hudsonhudson45 hudsonhudson45 Mar 3, 2013 6:09 AM Flag

    Reasons WHY the Stock is headed for $1.00

    Precious Metals are out of sync with the rest of the market because investors, in general are selling their paper PM holding & putting the money into groups that are in a secular uptrend.

    You can reasonable expect to see RVM & other mining stocks fall in comparison to most other sectors, probably for the rest of this year.

    SECOND......There is NO evidence, technical or otherwise that indicates the stock price of RMV will do anything but continue to go down. There isn't even any appearance of the formation of a bottom, at this time. At best the price might move sidewise, at least until production resumes.

    I do think there is value in this company/stock, but not at this time & not at a stock price above $1.50

    To me, there is NO COMPELLING reason to do anything but sit on the sidelines & wait for production to resume. And when production does resume, at some unknown time, I can see no reason to rush right in & buy. Just because production resumes, perhaps sometime this summer, doesn't automatically translate into the stock price moving back to $2.00 a share, OVERNIGHT as some people on this MB are prognosticating

    Incidentally, go back & look at topics on this MB for the past year. you'll find it's the same jokers that were touting BUY, BUY, BUY at $3.00 & then at $2.50, & then at $2.00 & now at $1.69.

    Any PRUDENT investor, not speculators, will be waiting for a corporate news release saying production has resumed, before giving any serious thought to buying any shares any sooner that 3-6 months AFTER a corporate announcement....IMO

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RVM
0.8176+0.0076(+0.94%)Apr 17 4:00 PMEDT

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