Tags
Bernard Olivier, Dar Es Salaam, dilution, Gemfields, Ian Harebottle, JORC, Petra Diamonds, Richland Resources, sapphires, Special Mining License, tanzanite, technical analysis, tsavorite, Twitter
Please see my previous Richland Resources (RLD:LN) blog posts, here and here.
Well, RLD’s price action’s certainly been hectic since I last wrote about this stock in early Feb! One of the stock highlights I mentioned was the share price chart. While I was already fundamentally bullish, I was heartened by the fact the share price was threatening to break out of a long established trading range. This was capped at GBP 10.5p, and I speculated a break of this level might quickly lead to GBP 16.5p. Sure enough, it did, and in little more than three weeks..!
This prompted me to trim my position from an expanded 2.7% back down to 1.8%. I reported this at the time on my blog comments, and Twitter, so please be sure to sign up for one, or both, if you want to keep track of any specific stocks. Note I generally don’t do a new stock write-up until I have substantial new info/commentary to share (and I know you’re tracking news releases just like I am). Soon as I tweeted, Richard Beddard popped up to ask ‘Pourquoi? It sounded so glittery!‘ Haha, a bit tongue in cheek, methinks… Well, the quick 65% gain was pretty glittery too! I couldn’t resist taking it on a portion of my holding (btw I hope to write more shortly about this whole subject).
