Australia's largest stock trading and investment forum Australia's #1 stock forum

RMX

Click for more information

0.00%

0.9¢ red mountain mining limited

Thanks TA to explain. I couldn't work that out. By the way i am...

First 230 Last

Share
Profile

Follow
ND04

264 Posts.

5

10/05/17

13:23

Post #: 24596274
Share

Originally posted by TheArchitect ↑

We?

It means that China is wanting lots of lithium including Brine and they were wanting according to Michael Langford (who is highly connected within the Lithium world and China), to add 30,000 - 40,000/t of Lithium Brine

This deal fell through so they will have a shortfall that needs to be filled for Lithium Brine.

Not saying RMX is going to end up filling that as they are still in exploration but if they prove up results and that the lithium brine is there for production levels as they claim, then they could find themselves a deal done for future supply, which is obviously the aim given they have said they believe Red Valley has potential lithium brine supply and quality for production, but we still wait and see.

Michael has stated Lithium prices will see a rise from July to September due to shortage and increase demand from Chinese lithium battery manufacturers, they already have in recent weeks, but due to climb higher.

RMX need to get that brine out of the ground pronto

Expand

Thanks TA to explain. I couldn't work that out. By the way i am one of ur follower and this is d only stock i m holding in. As a start in share trading. Appreciate your posts

RMX Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

What's causing the cost-of-living crisis, and how to navigate it

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk

There are more pages in this discussion • 119 more messages in this thread...

First 230 Last

Add RMX (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $3.486M

Open	High	Low	Value	Volume
0.9¢	1.0¢	0.9¢	$1.494K	159.2K

Buyers (Bids)

No.	Vol.	Price($)
1	17771	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	1209050	5

View Market Depth

No.	Vol.	Price($)
1	17771	0.009
10	2451125	0.008
9	1993856	0.007
5	1664861	0.006
2	1199995	0.005

Price($)	Vol.	No.
0.010	1209050	5
0.011	838750	3
0.012	1036082	2
0.013	185103	1
0.014	8636	1

Last trade - 15.53pm 18/10/2024 (20 minute delay)

RMX (ASX) Chart