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

I have no idea what your point is here. Clearly they are looking...

First 185 Last

Share
Profile

Follow
makattack

34,916 Posts.

480

07/09/17

09:54

Post #: 27052584
Share

Originally posted by Mactrix ↑

There was no reason for them not to atleast apply some SOME cash on hand unless it simply wouldnt have been lucrative enough for sophs to come on without full exposure. They simply would not be at the required standard of operational negotiating capacity as a specie with cash as a board (new board btw) if they are not only always looking for other opportunities. And to think that they are spending all that time everyday on the DD alone is ludicrous. The board doesnt spend every waking hour on just RMX ventures but it will still always be in their interest to keep prospects turning over. When was the last time you saw a specie with that much cash on hand fully fund a speculative venture? Usually there are always cap raises for operational expenses. Even the old board did this.
My left walnut is out on the table for this one and im in big with this opinion.

Expand

I have no idea what your point is here. Clearly they are looking for new opportunities as most spec explorers are but I don't agree with you that the announcement yesterday gave any hints that they have already sourced another opportunity. You can bet whatever walnuts you have left but I wouldn't recommend gambling them for a bet too often in the spec market, as you won't have em for long.

RMX Price at posting: 1.5¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

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

There are more pages in this discussion • 223 more messages in this thread...

First 185 Last

Add RMX (ASX) to my watchlist