RMX 0.00% 0.1¢ red mountain mining limited

Ann: Red Mountain signs term sheet for Mokabe-Kasiri Project, page-159

  1. 6,492 Posts.
    lightbulb Created with Sketch. 1803
    RMX past is just that, new management now and new direction as well so that shouldn't be a factor. Not to mention BorgGeoscience on board both the Lithium and Cobalt project as consultant.

    Same can be said (it's worth nothing until they find something) of all the weed stocks that shot up 100%+ on the maybe that they were looking into acquiring a weed project lol.

    Same for other lithium projects that are valued higher at $20mMC+ pre-drilling.

    But there are always times of undervalue and overvalue in a stock, can't always remain completely constant in one or the other.

    I suspect as we've both stated it's the general market taking a hit this morning among a mix of other factors.

    Yes 3c has been a strong support base and I posted a chart in the other thread noting the higher lows RMX has just made recently which is a positive sign in itself.

    It potentially overshot yesterday opening at 3.9 which then had too much supply from a mix of different sellers and caused some overselling to where things are now at 3.2

    Which is where we were before anyway and awaiting drilling to start.

    Just provides some good buy opportunity/topping up at this level leading up to the Lithium drilling starting.
 
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