RMX 0.00% 0.8¢ red mountain mining limited

Ann: Red Valley Drilling Update, page-74

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 6,524 Posts.
    lightbulb Created with Sketch. 1847
    How about less what if's and wait until results come.

    What if the sun explodes tomorrow, certainly ruin any chance of getting lithium out of the ground

    I think they realised that the share price has taken a hit, given their stated goal is immediate shareholder value return, so they added more details than they needed to for the latest announcement, especially since it's taken longer to complete the drilling program.

    They likely simply wanted to announce each stage as Drilling Complete, next hole to started soon etc. and then announce drill campaign completed, results of drilling will be received in X timeframe.

    If you re-read the first announcement it was concise and straight to the point, likely not wanting to give anything away, drilling complete, rig being mobilised to second drill hole location; simple and straight to the point.

    But that plan went out the door when the delays happened with hole 2, so they've added more details in the latest update to inform shareholders a little more and potential investors. Some might call it fluffing, but they are there to sell the company to prospective investors and maintain and increase shareholder value.

    Another what if, but just as likely as any other.
 
watchlist Created with Sketch. Add RMX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.