RMX 0.00% 0.1¢ red mountain mining limited

Ann: Red Valley Drilling Update, page-58

  1. 6,412 Posts.
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    wow that was an unexpected dump into 3c.

    Small cap end has been trading very strangely for months now with little liquidity across the board.

    Strange to dump into 3c given Cobalt Due Diligence is coming to and end soon.

    Can understand though with 1 hole drill completed that many expected all holes to be done by now, so there's still probably a few more weeks until results (e.g. end of May)

    Presents good buying opportunities for those willing to wait and pick up cheap shares.

    at 3c the Market Cap is now $12.6m

    That's insanely cheap for a lithium stock in the middle of drilling and undergoing due diligence on a cobalt+copper project. But markets are different to 6 months ago, lots of money has flown to the bigger end of the market and yet to come back.
 
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