RMX 0.00% 0.1¢ red mountain mining limited

Received in email latest update of T20 this morning - Was...

  1. 222 Posts.
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    Received in email latest update of T20 this morning - Was advised this includes buyers from Monday and sellers from Tuesdsay. Looking like a majority of top holders have held on, with some topping up at these levels.

    Cash from last quarter $2.7M with expected outflow $250k. Provided the burn rate remains consistent, cash in kitty can be conserved for some time.

    Current 1c gives an EV $1.8M, you'd think the value of cobalt asset will be worth more than $1.8M should due diligence go through and the company officially takes up the project.


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