RMX 0.00% 0.1¢ red mountain mining limited

Ann: Company Update, page-114

  1. 3,570 Posts.
    lightbulb Created with Sketch. 1253
    Disappointing for sure, however this is exactly why this end of the market is high risk.

    Stupidly perhaps, I have brought more today. Nothing too crazy just a little something to hopefully sweeten the deal should Cobalt/Copper be a winner.

    This was a three horse race until today's announcement....Lithium, cobalt, copper.....one down two to go.

    We are lucky that:
    A: the SP wasn't pumped up too much prior to today's announcement for an even greater loss.
    B: We still have the DRC (Cobalt and copper)
    C: RMX still have plenty of cash in the kitty for new opportunities or to simply pump into Cobalt should it be a success.

    This is not dead yet.
 
watchlist Created with Sketch. Add RMX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.