I completely agree — the arbitration result will show where the facts lie, not forum narratives. And when that happens, I suspect some of the loudest voices here will find their daily Rimfire doom posts didn’t age too well.
Now, let’s address this ASIC point because it’s being twisted as usual.Yes, ASIC doesn’t independently verify filings, that’s how the corporate registry system works globally.But here’s the key: commercial parties are entitled to rely on ASIC records as prima facie evidence of a director’s authority unless they have notice of irregularity.There was no notice of dispute provided to Rimfire at the time it contracted with GPR’s representative.Rimfire is not required to play detective or conduct internal shareholder audits of counterparties who present formal ASIC filings. If GPR’s house was rotten inside, that’s on GPR.
The law protects third parties acting in good faith on public records.The law doesn’t impose on those third parties an obligation to second-guess every ASIC record unless put on notice, which Rimfire wasn’t.When the arbitration outcome lands, I suspect it won’t be Rimfire’s reliance on ASIC records that’s judged harshly — more likely the internal collapse of GPR’s governance and the endless attempts to shift blame for it.
- Forums
- ASX - By Stock
- A warning to shareholders
RIM
rimfire pacific mining limited
Add to My Watchlist
5.26%
!
1.8¢

I completely agree — the arbitration result will show where the...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $45.32M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.8¢ | $25.65K | 1.409M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 1128650 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 1061316 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1128650 | 0.018 |
6 | 1100777 | 0.017 |
1 | 308000 | 0.016 |
2 | 566665 | 0.015 |
1 | 500000 | 0.014 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1061316 | 3 |
0.021 | 590078 | 4 |
0.022 | 1375000 | 2 |
0.023 | 48281 | 1 |
0.024 | 52500 | 2 |
Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
Featured News
RIM (ASX) Chart |
The Watchlist
RC1
REDCASTLE RESOURCES LIMITED
Ronald Miller, Non-Executive Director
Ronald Miller
Non-Executive Director
SPONSORED BY The Market Online