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11.8%

1.5¢ resource mining corporation limited

Ann: Quarterly Activities Report - March 2020, page-11

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kickit2me

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10/08/20

17:54

Post #: 46433082
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Originally posted by Trees: ↑

one day

"The Company was advised in April 2020 that Regency Mines PLC had agreed to acquire A$1.71 million of debt of RMI from Sinom (Hong Kong) Limited, RMI’s largest Shareholder and an entity controlled by RMI’s Non-Executive Director, Andy Zhang. RMI is not a party to this debt acquisition by Regency.

A summary of the debt purchase agreement, derived from a public announcement by Regency in London on 8th April , was released to the market on 9th April 2020.

Included in the Regency announcement was reference to its “…plan to initiate constructive discussions with RMI management regarding synergies between its Mambare project and the WoWo Gap nickel-cobalt project in PNG”. At this stage, Regency have not initiated any discussions."

source report as above

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Wow - these guys are still around and still pushing WoWo.

Made some of my biggest losses in this stock back in 2011. So many promises, so much rubbish.

@Trees you were in then if I remember correctly. I sold the lot at a loss - hope you have more luck with it mate. I'm guessing today's rise would be far from enough.

Sadly, we don't always learn. I own another one of these now, happens also to be in PNG, is currently not listed

..

RMI Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 1.5¢		Change -0.002(11.8%)		Mkt cap ! $11.08M

Open	High	Low	Value	Volume
1.5¢	1.5¢	1.5¢	$11	720

Buyers (Bids)

No.	Vol.	Price($)
3	747514	1.5¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	117402	2

View Market Depth

No.	Vol.	Price($)
3	747514	0.015
1	500000	0.014
1	64383	0.008
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.018	117402	2
0.019	52632	1
0.020	137280	1
0.022	78947	1
0.023	9000	1

Last trade - 11.31am 30/07/2024 (20 minute delay)

RMI (ASX) Chart

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