Was today a professional shakeout to squeeze holders of their shares just as we approach the most important event RMX is yet to undertake: drilling out the brine?
Was it impatient STrs waiting for a jump on receipt of drilling who sold when the volume didn't come in?
All I know is I never expected to see RMX at this level so close to the business end of things. One would think the SP will move up now the weak hands/traders have left the building, as clearly RMX is extremely undervalued in comparison to both the potential of what is come as well as where the company currently is with both projects (I would expect action on the Cobalt from immediately following the completion of the DD in ~3 weeks. Finding of a good Co/Cu resource leaves plenty of scope for a sale of the project to the neighbouring big boys in production).
GL to holders. I have no doubt Feyerbands significant due diligence on the tenements to date will not only prove invaluable but also extremely profitable when a Clayton Valley twin is proven. He has as much reason as us to want this to succeed, if not more - his years of hard work will only pay off if and when RMX proves up and develops the resource.
RMX Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
