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RNI, RESOURCE AND INVESTMENT NL
neilo3
post Posted: Oct 3 2014, 03:34 PM
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Gday Arty

Has this one caught your interest again yet?









 
neilo3
post Posted: Sep 16 2014, 11:02 AM
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In Reply To: arty's post @ Sep 16 2014, 10:46 AM

Yep smile.gif Should be some more results out soonish.

 
arty
post Posted: Sep 16 2014, 10:46 AM
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In Reply To: neilo3's post @ Sep 1 2014, 04:59 PM

I hope you stayed, Neil smile.gif
... or maybe even added? I did smile.gif

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Trailing Stop raised to 18c.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
neilo3
post Posted: Sep 1 2014, 04:59 PM
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In Reply To: arty's post @ Sep 1 2014, 02:35 PM

Thanks Arty

My button doesn't work anymore. Always appreciate your thoughts.




 
arty
post Posted: Sep 1 2014, 02:35 PM
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In Reply To: neilo3's post @ Sep 1 2014, 12:21 PM

That's an easy one: RNI has dropped back to the 50% level of recent trading range, where it seems to have found support.
I'm back on with a small position.

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OK, so it is possible that it's dropping back to 10c; seeing there's a gap looming. But I'll take that risk and would be off much sooner.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
neilo3
post Posted: Sep 1 2014, 12:21 PM
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In Reply To: arty's post @ Jun 12 2014, 03:12 PM

Gday Arty, If you get bored do you would you be kind enough to have another look at this one and let me know what you think.

Today's drill report reads OK considering they have had a few problems and I guess the punters were wanting more.

Seems to have found support around 15. ( which is double the placement price )

cheers




 

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arty
post Posted: Jun 12 2014, 03:12 PM
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3rd attempt to break 16.5c

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If it does succeed, I calculate a target of 25c.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Twobees
post Posted: Jun 4 2014, 01:24 PM
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In Reply To: arty's post @ Jun 4 2014, 11:54 AM

ha wink.gif
Couple of informed now taking a look.

 
arty
post Posted: Jun 4 2014, 11:54 AM
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In Reply To: Twobees's post @ May 29 2014, 02:55 PM

"Blessed be the uninformed." hypocrite.gif
... as long as they keep throwing their money at it ... devilsmiley.gif

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--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Twobees
post Posted: May 29 2014, 02:55 PM
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In Reply To: arty's post @ May 29 2014, 01:13 PM

Could be wrong, but my guess is this. After the SFR phenomenon, some large (but not necessarily smart money) bought into RNI thinking that MK would miraculously do it all again. I recall it having a MC of nearly $200m a couple of years ago, based on pretty much nothing but nearology. That money has now once again thrown a bit more at it, in much the same uninformed way they did before.

 
 


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