Australian (ASX) Stock Market Forum

RDM - Red Metal

"China's control of rare earths puts US in vulnerable position amid trade tensions (AX)
EU urges China to end rare earths export restrictions amid 'alarming situation' facing Europe's auto industry"

MEI gets all the attention but might have better prospects? Arguably better jurisdiction. RDM also has +40% of MMA.
MEI mcap = 292m
RDM mcap = $49m

Held
Holding


From an RDM poster, 'teacupandhandle', on another site:

Screenshot_20250606_105627_Chrome.jpg
 
Down @ 0.125 today but not a bad rounding low - possibly seeking a weekly close above 13c to awaken some interest?
Spec with +40% interest in MMA at current MMA issuance (silver, lead, copper gold conceptual 'Maronan' starter pit)
Wild card 'Sybella' rare earths project. 'Giant' resource being define from surface with some heavy REOs in the mix. Talking about lower cost low acid heap leaching processing route.

Held
Accumulate if it gets cheap
(have a sitting stink bid @ 10c which I might as sell cancel I think)

WEEKLY
big (5).gif
 
Developing well. This is a 5 year WEEKLY chart but the DAILY chart shows that this is the first close above 0.13 for two months and you'd need to go back seven months before that to find another one. Of course the last candle on this WEEKLY chart is young and incomplete but there's only one direction this is going medium term imo - although I am not adding myself; got enough.

Held
Holding

WEEKLY
big (15).gif
 
RDM currently @ 0.14
Maybe it'll confirm the weekly close above 0.13 this week but the big hurdle now is 0.14 which is the top of the 'bowl' or 'lip of the cup'

Held
Holding

WEEKLY with current immature candle
chartdownload (10).png


DAILY
chartdownload (11).png
 
RDM @ 0.15, up 11%
Breaking above the aforementioned 14c resistance. Not expecting it to move fast. Might correct a little, don't know.
Silver and other stuff: Pb, Au, Cu at 44% owned Maronan Metals (MMA).
Got some other big possibilities.

Held
Holding

WEEKLY CHART
View attachment 207742
That was a good pick @finicky. if you look at a year, daily, it looks even more attractive.

rdm.png


gg
 
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