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

RMX

Click for more information

0.00%

0.1¢ red mountain mining limited

Ann: Notice of General Meeting/Proxy Form-RMX.AX, page-3

First 3 Last

Share
Profile

Follow
Rhama

1,449 Posts.

348

23/08/16

20:21

Post #: 18622659
Share

Originally posted by BrayWyatt ↑

Theoretically the share price should go to 0.032 after consolidation but looking at the big line of sellers at 0.001, the share price would be lower if it could. The price afterwards depends how much investors are willing to pay but the AGM notice says a placement at 1c post consolidation so that is a likely target imo.

An unfortunate situation but not too many other options given the dogs breakfast left behind by previous management. The lack of regulation at this end of the market means they could just run the company into the ground and walk away at the end.

Expand

Does anyone here know where we currently sit with the Bluebird deal?

RMX Price at posting: 0.1¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

There are more pages in this discussion • 13 more messages in this thread...

First 3 Last

Add RMX (ASX) to my watchlist