In other words, the people who actually know what is occuring in the company, on a day to day basis, and those overseeing the company's development, are all so positive about their prospects, that they have only bought more of the stock, and not sold "any" of their holdings. This information alone, tells us something valuable is going on at Rodinia.
I know I am biased towards this small company, however, facts are facts.
1. Insiders are only buying this stock.
2. Rodinia owns three of the top 25 lithium properties in the world.
3. Sanshin of China purchased their entire bought deal in Nov 2010, above the asking price, to ensure they are flush with cash to advance their properties.
(Sanshin is one of the largest battery suppliers in China)
4. Rodinias top three properties are all brine properties, with low development costs, in two of the best mining districts in the world, Clayton Valley Nevada and Salta Argentina.
5. Byron Capital Markets Dr. Jon Hykaway, rates it a strong buy with a target of $2.25
Rodinia was trading today at .49 cents. RM.v or in the U.S. as RDNAF.PK
It's market cap today is listed at $28.8M with 65.5M shares outstanding.
With $10 Million in cash on hand for development, this values the company at only $18.8 million. That is a ridiculously low valuation for Rodinia's lithium properties.
I have been a buyer this month, for these reasons.
Maybe you should consider Rodinia Lithium for your growth portfolio.
Wishing you great success with your Retirefund.
Rodinia - Clayton Valley Nevada
Lithium: The commodity of the 21st century
Rodinia looks like the next prize
An Interview with Rodinia CEO
General: The lithium market has been growing at an average of 8% per year, for ten years, with the exception of the 2009 recession. Electric vehicle manufacturing is only now ramping up, which bodes well for the entire industry.
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