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RMI

Resource Minerals International (ASX: RMI) have just completed a successful share placement to raise some cash. Not enough to complete their works, but enough to get going. And their next cash raising will be at a much higher price than today's share price of 2.7 cents.

With the geophysical results due, this one is good for either a quick profit or a long term hold. Me? I would jump in ahead of the next news, grab a quick profit and then jump out again ahead of the usual slump afterwards. It could be an easy 25-50% gain. And with the results due any time soon, this is one to act fast on.

And given the recent findings in the Saudi area, speculators will be all over any good results.

Just my opinion, of course.

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