RIM rimfire pacific mining limited

Why tomorrow ruling in important

  1. 812 Posts.
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    The importance of RImmbeing successful tomorrow whilst not at all fatal is that the market could react sharply as investors gain clarity on the potential outcome in the future cases if any which often signals possible likelihood of a favorable outcome.

    Market participants may view this as a strategic advantage, especially if the presiding individual is known for decisions that lean towards a particular outcome, creating a surge in share price.

    Additionally, while the current case injection may not be the definitive or "full" resolution, if it's successful, it will likely boost confidence in RIMS' argument.

    Demonstrating a strong case early on tends to attract more investors, as it can signify a higher probability of success in the long term. This could lead to increased buying pressure, pushing the share price upwards.

    On the other hand, waiting on the sidelines is a cautious strategy, especially for investors who are risk-averse. While it allows time for additional clarity, those waiting could miss out on the opportunity to buy shares at a lower price if the stock surges post-announcement. Although there's no guarantee that the injection will be successful, the market’s anticipation of favorable results could drive the price north of 10 cents.

    Based on your analysis, you feel comfortable predicting that the price could rise to 15 cents or higher, though investors should still conduct their own research (DYOR) before making decisions.

    Regarding drilling results, if positive, this would be a key factor that could provide an additional catalyst for growth. Drilling success often brings significant value to mining or exploration companies, as it provides tangible results that investors can rely on for future growth projections.
    Last edited by Tomobince: 15/10/24
 
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(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $32.69M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $2.04K 169.9K

Buyers (Bids)

No. Vol. Price($)
3 3554 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 1838880 5
View Market Depth
Last trade - 14.23pm 03/09/2025 (20 minute delay) ?
RIM (ASX) Chart
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