RMX 100% 0.2¢ red mountain mining limited

Ann: Red Mountain to proceed with earn-in to Mokabe-Kasari, page-69

  1. 34,916 Posts.
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    The bad part is the CR. Irrespective of the size, it shows that management don't put shareholders' interests first. Whether it was a 'deal for the boys' or greasing the wheels in DRC, I just don't like the smell of it.

    Need to remember that a week before the halt RMX was trading at less than 1.1c. The inside info on sophi placement may have been one of the reasons the share price rose anyway. Pretty much every speculative explorer at this end of town needs to grease the wheels of someone somewhere to progress a project. Raising exploration money is critical for a spec explorer and you do what you have to do.

    The harsh reality is, if you can't stomach this sort of wheeling and dealing, and understandably many can't, then investing here probably isn't a best fit for one's investment profile.
 
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