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1.0¢ red mountain mining limited

Money goes a lot further in DRC compared with western countries....

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188 Posts.

26/07/17

21:48

Post #: 26100450
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Originally posted by spurlo1 ↑

Woah not sure what happened with that last post that I copied in from my Notes as I'm on a bus in Malaysia with signal going in an out. Will try again below.

From memory, RMX management quoted very cheap drilling prices. I thought they gave a rough per metre cost saying how cheap it was. Happy to be corrected if I'm confusing with another company but 95% sure it was RMX.

Anyway, contrary to what others are thinking, I'm a little concerned about the estimated outgoings for the next qtr. Yeah it may be low but what is that telling us? 50k on exploration seems very low if they're planning to take up to the DRC project. Admin fees are also expected to be 40% of what they were this past quarter - $268k down to $100k. No project to run means less admin fees.

Starting to look as though we're a shell looking for projects. That's my view anyway.

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Money goes a lot further in DRC compared with western countries. And as big mahn said, exploration at this stage is, groundwork and trenching, sampling ,so not a huge expense.

RMX Price at posting: 0.9¢ Sentiment: Buy Disclosure: Held
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Last 1.0¢		Change 0.001(11.1%)		Mkt cap ! $3.873M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$2.75K	275K

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No.	Vol.	Price($)
6	445842	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	1234337	7

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No.	Vol.	Price($)
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17	3086049	0.009
20	5169679	0.008
7	2693391	0.007
6	2864861	0.006

Price($)	Vol.	No.
0.011	1234337	7
0.012	623338	5
0.013	1675626	5
0.014	932971	5
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