RMX 0.00% 0.1¢ red mountain mining limited

new ann from mindoro on the escrow share, page-27

  1. 526 Posts.
    I don't discount any development given any holder major or not has the right to sell shares at any time, that's the market. What I am putting forward is given there sale value was 10c at the time and given the stage and progress thus far with this project, and considering IMO there will be substantial drilling results in the next couple of months I would consider it extremely unlikely they would sell into a stalled sp as soon as escrow is lifted when they only need wait a number of weeks to no exactly what the true worth of there position is. Point is if they want to offload for cash a few weeks or a month or two will mean bugger all when they can potentially get many times the current value. The upside potential for there huge holding is significant if results continue to shine, I don't see any board discounting this fact for the sake of a month or two, further to that if things go well they can sell and there shares will be absorbed without so much as a ripple.
 
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