RMX 23.1% 1.0¢ red mountain mining limited

Ann: Secondary Trading Notice , page-34

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  1. 3,603 Posts.
    lightbulb Created with Sketch. 174
    hello gents,
    watching from the sidelines for almost a week now. sold majority of shares in opps and heads to break even and not to go into minus. still have small holding.

    by looking at the announcement this afternoon, i have noted few points and ready to re-load again tomorrow morning.

    if its true only today shares were exchanged at 0.029 for SS, then this sets share price benchmark price.. why. they know gold is there and low cost production by doing the SS and shares will head north in near future also options to convert 100,000 opps.

    SS should be now completed as they got paid and should be released to market tomorrow moring latest FRI, unless they will release pending drill results followed by SS next week.

    now if the deal was done when share price was at 0.03 then we know they wont be that stupid to sell at 0.017.

    In my opinion

    Positive Drilling results = 0.03
    if SS cost between $600-$800 = 0.042+

    good luck!
 
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