Australia's largest stock trading and investment forum Australia's #1 stock forum

RIM

Click for more information

37.5%

5.5¢ rimfire pacific mining limited

No more capital raising from this old shareholder. Been with...

First 4 Last

Share
Profile

Follow
gypsy1010

52 Posts.

10

21/08/23

06:33

Post #: 69446078
Share

Originally posted by givebobajob: ↑

I have never seen a release of an assay result for a paltry 1x drill hole (out of a minuscule 3x drill hole program).

Poor old RIM has no money to go forward. The recent $800K token raising covered Director's salaries and overheads. We need a capital raising of $M's for exploration to inch forward. Given Billis's offering of $4.5M was rejected, for reasons I cannot understand, where in God's name is RIM going to find the capital?

What is the forecast of how much money we need?

Note to the Board of RIM: "Please share your vision, and how you will financially achieve this, with your loyal shareholders."

Expand

No more capital raising from this old shareholder. Been with them for 12 years and down to about a quarter of the funds I have put in. Not worth selling as no tax benefit to me. I think we are just keeping the Directors in a job honestly.

RIM Price at posting: 0.8¢ Sentiment: None Disclosure: Held
1 Upvote

3 Great analysis

Reply

Top Stories

TMK

TMK Energy kicks off drilling for new pilot wells in Mongolia's vastly underexplored Gobi

DRO

Droneshield shares move up on $13.5M US govt contract

OCC

Orthocell wins first international approval for nerve repair product

WAF

West African Res jumps on claim mine safe under Burkina Faso's junta; HotCopper ponders Russia

LMS

Litchfield boosts its copper, base and precious metals footprint in the NT with acquisitions

There are more pages in this discussion • 1 more message in this thread...

First 4 Last

Add RIM (ASX) to my watchlist

(20min delay)
Last 5.5¢		Change 0.015(37.5%)		Mkt cap ! $129.5M

Open	High	Low	Value	Volume
4.2¢	6.5¢	4.2¢	$1.281M	23.96M

Buyers (Bids)

No.	Vol.	Price($)
1	25000	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	193352	3

View Market Depth

No.	Vol.	Price($)
1	25000	0.054
2	75000	0.053
2	141901	0.052
3	759827	0.051
6	245270	0.050

Price($)	Vol.	No.
0.057	193352	3
0.058	250000	1
0.059	364363	3
0.060	749358	4
0.062	35000	2

Last trade - 16.10pm 08/10/2024 (20 minute delay)

RIM (ASX) Chart