Yes the share price has declined significantly from past heights...

Yes the share price has declined significantly from past heights and without a doubt a lot of shareholders (past and present) got burnt. This is not an uncommon story for micro cap investors. I have had many such experiences and have paid my tuition fees. We live and we learn.

It is also irrelevant in the context of considering whether or not to buy (or hold) RMX shares now. The share price is now close to an all time low and the EV is close to shell value. The company is now focused on gold exploration and should be assessed on the potential of its two new projects, not the fact that its historical share price performance has been dismal.

All IMO.