RMX 0.00% 0.9¢ red mountain mining limited

Ann: Withdrawal of Rights Issue, page-82

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  1. 34,916 Posts.
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    I'd look at MIZ/RMX comparison this way. 2 years ago MIZ share price was 6c+. It recently hit a low of .2c. It is finally at production stage but it is very very unlikely it will reach 6c again. MIZ have had a serious issue with share issues in the past, no arguments there. Anyone who invested 2 years ago and held on will NOT make money out of their investment. RMX is where MIZ was 2 years ago. There are lots of share issues ahead, as share price drops with every issue, it spirals out of control. I believe, unless RMX can work out another business plan in terms of raising cash, that anyone invested today will NOT make money out of their RMX investment. Certainly those who invested at 20c 3 years ago, 16c 2 years ago or 3c just earlier this year can say goodbye to their investment.
 
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