RMX 0.00% 0.1¢ red mountain mining limited

slightly different spin, page-79

  1. 367 Posts.
    Like some others here from what I have read, I have invested too heavily in RMX and RMXO based on the ann's and forum chatter on another forum. I am new to trading and now know that this is was a mistake. That said, I believe the investment choice was correct, just too big a position to take given my small amount of avail funds. I got in at 2.9c, sold on the oversubscribe @ 3.1c and re-entered at 2.5c, 2.2c on RMXO.

    While I might be stating the obvious, IMO, it can play both ways but here is my take on the ann delay. Please correct me and feel free to shoot me down if you see fit.

    There was lots of +ve announcements leading up to the CR which I guess is MGT doing their job. From what I remember these included the proposed development strategies going forward. Since then, there seems to have been a change in direction, eg size & location of plant, what and where to mine first etc. If this is the case, and if the MGT are hell bent on releasing one all encompassing report including the strategy going forward with productivity forcasts, cost per tone, g/tone etc, etc at the same time as the SS and drilling results, then they would basically be starting from scratch as all previous forecasts and modeling would become obsolete.

    There is no doubt that the change in direction is due to a shift in expected results but I don't think that it has hit a catastrophic iceberg either.

    The apparent replies to questions put to JD don't fill me with great confidence but I just see it as someone under the pump to get the ann out while ensuring it is as +ve and accurate as possible. My feeling is that this ann is intended to stimulate interest with insto's and get this thing moving.

    Of coarse I could be wrong, and if so will pay dearly, but if we are being played I don't expect asic or anyone else to give a sh&t. That's not how things work.
 
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