RIM rimfire pacific mining limited

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Ann: Termination of Avondale Project Earn-in Agreement, page-8

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TheAnalyst007

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29/10/24

13:52

Post #: 76354225
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Originally posted by TheAnalyst007: ↑

Doesn't seem like they are much concerned with that, or they wouldn't be moving ahead with Avondale as well. Probably tried first with Fifield to ensure they indeed had a strong case, realised they did, and have gone ahead with the Avondale as well. With such an easy case, you won't need to rack up much in the way of costs to make an effective argument. They just point to the clause in the contract that was breached, the clear as can be evidence that the breach occurred, and then call it a day.

In the meantime, the drilling and rest of the business is moving along steadily. This is simply a bit of background action, but isn't actually weighing on anything business wise

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Also worth noting that they’re not going through all this for nothing. They see substantial upside as a result of this (ie full ownership of assets), and so it presents an upside catalyst that the market may want to price in given the high probability of it favouring RIM

RIM Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Termination of Avondale Project Earn-in Agreement, page-8

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Ann: Termination of Avondale Project Earn-in Agreement, page-8

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