RIM rimfire pacific mining limited

Ann: Fifield Termination Update, page-108

  1. 812 Posts.
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    COMPLETE nonsense investors on the sidelines waiting WATCH IF POSSOBLE THE LIVE CAST OF TOMORROW AS A SUCCESSFUL CASE WILL LIKELY SURGE WHY??? bobs argument is riddled with fear-mongering, speculative assumptions, and a clear misunderstanding of Rimfifires s position and potential. It demonstrates that in fact your concerned the exact opposite will occur tomorrow, Let’s break this down and provide a more confident outlook for shareholders waiting on the sidelines.

    First, the claim that **“there is no upside—just degrees of downside”** is both short-sighted and misleading. **Rimfire is not embroiled in a “war”**—it’s facing standard business litigation, which is common in the resource sector, especially when projects of high value and strategic importance, like Rimfire’s, are involved.

    The **upside for shareholders** is significant, particularly with Rimfire’s **drilling results**, strong asset base, and **upcoming resource upgrades**. The legal decision tomorrow may be a temporary factor. If unsuccessful , but it will not fundamentally alter the trajectory of Rimfire’s **high-potential projects** HOWEVER IF SUCCESSFUL THE EXACT OPPOSITE AND LIKELY SURGE WILL EVENTUATE .

    These include the **Bald Hill Cobalt-Copper Prospect**, which is already yielding **high-grade results**, and the **Murga North Scandium Project**, which boasts a **21 million-tonne maiden resource**.

    Both of these assets hold **substantial future value** as the demand for scandium, cobalt, and copper continues to grow, particularly in the **green energy** and **electric vehicle sectors**.Secondly, the assertion that **Rimfire “has no money”** is completely inaccurate. The company recently raised **$1.15 million** through a share placement and an additional **$1.2 million** from the early exercise of options.

    This gives Rimfire a **solid financial cushion** to manage litigation costs while continuing to advance its projects. Suggesting that Rimfire is financially crippled ignores these facts and deliberately stirs unnecessary fear. Rimfire has the capital to handle legal challenges while staying focused on **exploration and resource development**, which are the core drivers of value for shareholders.

    As for GPR’s claims and their supposed greater than **50% chance of success**, this is speculative at best. Legal disputes often feature bold assertions from both sides, but the **court will decide based on facts**, and Rimfire has shown no indication that it’s on the back foot.

    In fact, tomorrow’s interlocutory injunction hearing is merely a **temporary measure** and does not indicate an ultimate resolution of the case. Rimfire remains well-positioned to defend its interests and continue progressing its projects.Moreover, the argument about **“no contingent liabilities”** in Rimfire’s books is a misunderstanding of accounting practices.

    It’s common for companies not to list contingent liabilities unless the outcome of litigation is more certain. The lack of such a listing **does not indicate negligence** or failure to account for risks; it simply reflects that the legal case is still at an early stage with no defined financial impact.

    Finally, calling for a new board based solely on this litigation ignores the **excellent strategic direction** Rimfire has been moving toward. The current board has led Rimfire through significant milestones, including the **discovery of high-grade cobalt and copper at Bald Hill**, the establishment of a **JORC-compliant scandium resource**, and effective **capital raising** to fund future exploration.

    Replacing the board at this juncture would be more disruptive than beneficial and could derail the company’s progress.In conclusion, this argument seeks to stoke fear and uncertainty without addressing the **fundamental strengths** of Rimfire’s position. Shareholders waiting on the sidelines should recognise that tomorrow’s court decision is just one step in a larger process.

    The real story here is the **tangible value** in Rimfire’s assets, the **solid financial position** of the company, and the **growing demand** for the critical minerals Rimfire is developing. With the legal case likely to be resolved over time, the company's **upside potential** remains intact, and the share price could surge tomorrow as the market revalues Rimfire’s assets and growth trajectory. Remember however DYOR
    Last edited by Tomobince: 15/10/24
 
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