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

One thing to consider with AUD/US Currency movements is that all...

First 367 Last

Share
Profile

Follow
Big Kahuna 101

8,801 Posts.

1388

21/06/17

10:17

Post #: 25398498
Share

Originally posted by Aldbritt ↑

I like to take a broad view on the lithium sector in relation to RMX.

Points to take into consideration -

If the lithium supply meets demand ( which I think personally will take a while) most of the increase in supply is coming from outside of the US.

From reports, Musk has stated his preferred options of taking supply from north america as to outside the US.
With this in mind, if RMX has proven supply and is close to its demand base, we need to take into consideration the cost of production and supply ( i.e. transport ) benefits for RMX.

Another point is that RMX being in the US and RMX being an AU company, all dollars the company makes will be in US dollars and the current US/AUD dollar ratio and the spread expanding ( US up and the AUD moving down) will increase our profits for RMX.

So the potential for RMX with proven results should be taken in consideration with the above points as a reference.

Expand

One thing to consider with AUD/US Currency movements is that all exploration is paid in USD and all funds raised is in AUD... which will result in additional dilution... just pointing out if goes both and to me is more a negative then a positive at this stage of the exploration/development cycle.

RMX Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

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

JBY

James Bay latest lithium player to pivot to other metals amidst lithium slump

ASX Market Update: Index pulls back from record highs | October 16, 2024

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

PME

Pro Medicus snaffles 5-year contract extension worth $32M for RIS technology

There are more pages in this discussion • 374 more messages in this thread...

First 367 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¢	0.9¢	0.9¢	$1.213K	134.8K

Buyers (Bids)

No.	Vol.	Price($)
8	1559573	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	3017	1

View Market Depth

No.	Vol.	Price($)
8	1559573	0.008
9	1993856	0.007
5	1664861	0.006
2	1199995	0.005
2	418888	0.004

Price($)	Vol.	No.
0.009	3017	1
0.010	644337	3
0.011	838750	3
0.012	1036082	2
0.013	185103	1

Last trade - 14.37pm 16/10/2024 (20 minute delay)

RMX (ASX) Chart

SPONSORED BY