Honestly, the timing is not great for RMX right now as November & December is monsoon season with heavy rainfall and thunderstorm in the area as per weather forecast.
So until the Drilling permits are received and Drilling rigs mobilised to site, it might not be even possible to start drilling and add to that 6-8 weeks wait for the results. Could get something after Xmas, early New year.
This might be the reason for many people (same as myself) for selling and watching from sideline in the past 2-3 weeks as there would be no catalyst in the near future.
On a side note, why the company can't get its only project's name correct in their announcements is beyond me!!
Anyway, good luck all holders. Had a lot of fun here with you guys...
I'll be joining you again once the momentum & interest return whether a new acquisition announced or seeing something behind the scene brewing (more probable as usual)
Price action for the week ahead, page-11
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.423M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $100 | 100K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 51519564 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 133523905 | 42 |
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| Last trade - 10.40am 09/08/2024 (20 minute delay) ? |
| RMX (ASX) Chart |