I don't want to argue, as I only really care about my own strategy. But to say hope is a little far fetched. The reality is $3.44m mcap with $2.6m cash. Even if the DRC doesn't go a head there will be others. In context, the company is an exploration company, they will not be successful in every exploit. What they did:
- Identify a target (red valley)
- Drilled and got results
- Dropped the project as it wasn't a viable option
- As risk mitigation got a project lined up in DRC
The management have posted the top 20 on the website (as probably many requests from shareholders), and updated all details up to the current point. In all of this I see good management, the only thing that seems to sit sour for a few posters is the failed red valley. This sits with them more than the company. As investors or speculators we have to mitigate out own risk. Anyway Steve, the best of luck making back that money, and I mean this sincerely. Taking a loss is necessary at times, and each person has their own limits.
RMX Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
(20min delay)