RIM rimfire pacific mining limited

5.88%

1.8¢

Arbitration Hearing Looming, page-63

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Ironman50

292 Posts.

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19/05/25

20:47

Post #: 79106645
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Originally posted by arekski: ↑

Good post, fair points, always nice to have open discussion like this. You raise good point and, again with the caveat I am not a lawyer and using public info only, two points are worth clarifying in response:

(1)The legal test in Rimfire’s earn-in agreement relates to “change of control”, not who funded GPR or who stood behind it financially. The court ruled that control shifted when the improper share issues and board stacking were unwound — that is the trigger Rimfire acted on.

(2)Rimfire didn’t "take Billis’ money". GPR voluntarily funded exploration under a conditional earn-in. The agreement was clear: no milestone completion, no ownership earned. GPR took that risk and unfortunately fell short before its own control structure collapsed.

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Your information is so wrong as to what actually transpired. When the decision is handed down you will see where you have got it very wrong.

Originally posted by arekski: ↑

Good post, fair points, always nice to have open discussion like this. You raise good point and, again with the caveat I am not a lawyer and using public info only, two points are worth clarifying in response:

(1)The legal test in Rimfire’s earn-in agreement relates to “change of control”, not who funded GPR or who stood behind it financially. The court ruled that control shifted when the improper share issues and board stacking were unwound — that is the trigger Rimfire acted on.

(2)Rimfire didn’t "take Billis’ money". GPR voluntarily funded exploration under a conditional earn-in. The agreement was clear: no milestone completion, no ownership earned. GPR took that risk and unfortunately fell short before its own control structure collapsed.

Expand

RIM Price at posting: 2.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.8¢		Change 0.001(5.88%)		Mkt cap ! $45.32M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$11.70K	650.0K

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No.	Vol.	Price($)
2	41264	1.7¢

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Price($)	Vol.	No.
1.8¢	645911	1

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No.	Vol.	Price($)
2	41264	0.017
1	1000000	0.016
2	838000	0.015
1	500000	0.014
1	76922	0.013

Price($)	Vol.	No.
0.018	645911	1
0.019	1014703	2
0.020	23810	1
0.021	337014	3
0.022	1375000	2

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