IMO - The CR shouldn't have been done until after the full disclosure on DD. RMX has been waiting for the ann to get its re-rate along with additional details on the work that has been going on to complete the DD process over the last 2 months. A solid ann on DD and the path forward would have seen RMX back at 2.5c - 3c imo. At that point perhaps a CR makes more sense. Market is strong now in the spec end. Co, Cu are pumping. DRC projects are hot. RMX has the stars lined up and kills it with a poorly timed CR for a poor price. IMO - the ann was poor and 'rushed' to justify the CR. They seem pretty capable of renegotiating with the vendor on the DRC project. A properly negotiated and timed CR is no harder.
DDD did a CR when their sp was .7c after a rally from .5c and they raised at .65c.
IMO - The CR shouldn't have been done until after the full...
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