RMX 0.00% 0.1¢ red mountain mining limited

why the sp not picked up as many predicted?, page-55

  1. 1,315 Posts.
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    Hey Ig
    I agree with your statements. If we find bonanza grade from drilling then we will certainly see a short term rerate. I have recently watched a company with no money (300k) in the bank soar to a market cap of over 6mill based on some rock chip sampling results. They may have been excellent but their project is nowhere near as advanced as rmx. And we are only talking about rock chip sampling results being released onve the kitty is almost empty... Anyway. We need excellent drill results to see significant forward moment. Not just one set. But numerous demonstrating the long term viability of an excellent project. It is a shame that many people today who dont understand the bigger picture said so man u negative and the focus moved away from an excellent foundation and cornerstone scoping study from which future resource finds can only enhance economics and longevity. The market can have a very serious short term memory span. If the next set of drill result are poor to average then obviously there will be a long term wait until 2015. We have enough cash to function for a while. We should also start to create interest with firms looking to get in at the ground level of a future gold producer. Many big players once started as penny stocks. All we need is some executive to take a risk and invest some dollars our way. That will sure up longer term funding. But would also create more interest in the appropriate circles.
 
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