My take, I could very easily be wrong, on arbitration is that if GPR win they will have to finish what they started in which case shareholders will see some value (far less than if RIM Mgt win) from that work being completed. If RIM Mgt win, then shareholders can potentially look for more upside if RIM Mgt can manage cash to keep operations going, but it is no sure thing. RIM Mgt will probably need to bring in partners quickly to develop RIM operations further and that will mean diluting shareholder value. I bought into RIM understanding this i.e. that I could lose the lot, and I only bought a small parcel of shares. But such a resource is worthy of a punt!
We should be discussing if RIM, under any Mgt, have a viable resource to develop. I think the last announcement is a game changer in that Currajong adds a potential high-grade resource to the RIM resource. This is something missing from the current deposit and is something others have been highly critical of. Having a high-grade deposit makes it more economically viable in the long term. It also makes RIM more attractive to companies like their Neighbours (RIO). I'm glad to see drilling to confirm this resource will continue. By the time arbitration is completed, this piece of drilling will be invaluable to whoever is running the show. It will enable the next steps to happen straight away and to attract investment. Let's hope the CR brings in enough cash to keep everything going until arbitration is decided.
This is just my opinion and my reasoning for investing.
Cheers
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rimfire pacific mining limited
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My take, I could very easily be wrong, on arbitration is that if...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.35M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $6.121K | 306.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 42631 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 607385 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 42631 | 0.019 |
2 | 249999 | 0.018 |
7 | 1414777 | 0.017 |
1 | 308000 | 0.016 |
2 | 566665 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 607385 | 4 |
0.021 | 590078 | 4 |
0.022 | 1125000 | 1 |
0.024 | 52500 | 2 |
0.025 | 450000 | 2 |
Last trade - 15.54pm 13/06/2025 (20 minute delay) ? |
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