RMX 0.00% 0.1¢ red mountain mining limited

Ann: Red Mountain to proceed with earn-in to Mokabe-Kasari, page-182

  1. 34,916 Posts.
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    Sorry mactrix I think you're reading too much into new asset opportunity. The announcement said this:

    Following successful completion of the capital raising RMX is well funded to complete phase 1 of exploration on Mokabe-Kasari as well as potentially acquiring complementary assets. The Board continues to regularly review new opportunities in the new energy metals, base metals and gold sector.

    This doesn't indicate to me that they've sourced anything new but now have the cash to act on an opportunity that may arise. I would love to be proven wrong.
 
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