Ah_Meng
09-16

$RESOLUTION MINERALS LTD(RML.AU)$ Before you mid-read the attachment, the 3rd attachment is no longer valid. However, it is still there for a purpose, which I will explain later.

Obviously, both gold and silver have been moving up again. Just look at the second chart. Nothing more obvious than that. If you grab RML chart, it apparently looks different. An early rally a while ago is long forgotten. The big jump you find there was due to the third attachment that I had shared. Not long after RML completed its own merger & acquisition (M&A) Horse Heaven project did RML receive an unsolicited offer from Snow Lake to buy that project off RML for US$225M! It was obviously attractive given that not much had started there off-merger. However, the board of RML was not keen on the merger given that it was equity heavy (skewed). 

The potential deal was called off. That's the price correction you see that follows. Meanwhile, RML continues its planned digging. Yesterday, RML announced that it has hit high grade Antimony with silver and gold. It has since entered a trading halt.

Why did I share the two attachments? The silver chart is to show how far silver has come... the uptrend shows no end in sight, charging towards $50 target price. Like I had mentioned time and again, the train 🚆 had left the station 🚉, there's no stopping it! The outdated news is just as an illustration of potential a US listed company sees in RML and the price it's willing to pay before any additional exploration data. It's an old mine after all, so potential is known. Imagine how much more the offer has to go if the exploration data turns out as expected... or better!

We are starting to see movement in the smaller miners in this space. M&A activity has also increased. The current price doesn't account for any of these. Don't wait till everyone started jumping in!

@Daily_Discussion @TigerStars @Tiger_comments @CaptainTiger 

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