RMX 0.00% 0.1¢ red mountain mining limited

Ann: Results of Meeting, page-37

  1. Doz
    4,582 Posts.
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    The vendor may not let them enter the property until payment is finalised now . If they can’t come to an agreement , if the original $600,000 is unworkable and dissolved . Concern for the vendor if rmx stay with the 100 million shares and $100,000 cash payment will revolve around their ability to meet the milestone payments . I can’t see drilling until the above issues are resolved .
    I was surprised to see the share price hold up today on the asx , but the market clearly dictates that any sale will be conducted at 0.002 and you only need one weak link in that chain . I would be expecting an announcement here to inform shareholders of the company’s direction . Maybe cutting losses and walking away is best , however management unlikely to take this opinion . GLTAH’s , imo .
 
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