RMX 0.00% 0.1¢ red mountain mining limited

high grade drilling intersections from south w, page-130

  1. 5,014 Posts.
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    M007

    " Unfortunately.... I think the market now expects bonanza in every announcement. There was a lot of hype associated with trenching... and rightly so! Now the drill and previously released SS has only firmed up fundamentals. The salivating market is expecting bonanza like grades in each release like pavlovs dog waiting for its next feed. Comparisons to SIR did not help. And now as they move to doing everything required for a mine to develop the market is unimpressed. "

    I don't think the market expects bonanza grades each time as you have indicated. RMX from 0.20 to where it is now is not my doing or shareholders doing but poor management, the market speaks and after a good ann yesterday and today we are back where we started before awaiting Ann's. Apart from long term which is rather short, holders of options the o's or rather the shareholders that bought on the rise are not happy when all of this could have been avoided and we know how it could have as it has been spoken before.

    Yes, investing is risky ok but shareholders rely on communications by the companies for their investment and there has been dodgy business with this one. That is one of the reasons behind the SP not going anywhere.
    Some people are fed up and management better pull something decent out of their hats to regain credibility.
 
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