RIM 0.00% 5.4¢ rimfire pacific mining limited

Scandium: The $20 Billion Dollar (PLUS) Opportunity – Rimfire’s Path to Greatness, page-65

  1. 496 Posts.
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    I have never seen so much ramping by so few in a single stock as we see in RIM.

    And the general rambling comeback from these rampers is to be derogatory and deride fellow posters.

    Wake up everyone. Despite the rhetoric of the daydreamers we have no money. The Annual Report shows RIM had $187,666 cash in the bank at 30 June 2024.

    Read that again and take it in.

    Directors fees exceed $700K pa. Legal fees look like running into $Ms. We haven't even thought of overheads.

    The exploration plans are simply thin air misrepresentations. There is no money to fund them.

    If I was an option holder in a company staring Administration in the face...would I convert? I'd suggest going to the casino and putting it all on Red will offer a better outcome.

    The Board must go. Hopefully new players can inject what now lacks - capital, experience, enthusiasm, positive outlook etc

    To do otherwise is suicidal IMO.



 
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