RMX 0.00% 0.1¢ red mountain mining limited

rmx on 13rd feb 2014, page-79

  1. 1,315 Posts.
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    Possum... shareholders and short term traders own the decline. People set the market price. It is priceless to read the ridiculous comments. It would still be 3c if people chose not to sell. Some people are indebted to their eyeballs and take a punt... have a short time frame then pull the pin in panic mode. Those same people then scratch their head at why the price has dropped. When fear and emotions and shorting get combined its a recipe for disaster. Add into the mix the continual barrage of negativity then the share price fall is exacerbated significantly. You dont have to be a genius to work out that many panic traders (not investors) run for the door like bleating sheep will drop a share price. Its kind of funny really. But people offloading own the price. Not the company. Many traders believe its also their right to buy shares at 1.7 because only 328 people were able to. That averages to about a 7k stake each. So its not big money. And its only a few holders. Many probably bought at 10c+ and are long termers averaging down. So there I s a whole heap of silliness being slung around to create a heap of fear. That being said.. management should have stuck to initial spp. Although the outcome still would have been the same as many were talking rmx down even with the 700k release and that it would go back to 1.7 then. Or announced to market their intent. I still think downward pressure would have prevailed anyway as some profit take. Others would run. And others would try to scare. Interestingly the fundamentals have only improved. More results are still to come. The company is looking to and has tied the money from the spp to move to development. And 2013 was one of the worst years for small caps to get any funding. I would have also taken the max allowed under asx rulings. Seriously. If this was undersubscribed the same people saying to sell due to the oversubscription would also be carrying on. Anyway... thats my two bobs worth.... and its all imo or jimo or imho (lol) what a crock those disclaimers are from very very clever people.
 
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