RMX 0.00% 0.1¢ red mountain mining limited

bargain buying at 1.8 cents, page-65

  1. 4,881 Posts.
    lightbulb Created with Sketch. 259
    Won't be a rush to exit unless the heads don't stay above the curren price or drop close to the exercise date. With a 1.5c exercise price they'll always be tracking to the heads so if the heads hit 3.5-4c then RMXO will by 2-2.5c. At the price I picked them up at today I could sell and take the profit or exercise and take the heads if it looked like they'd keep climbing.

    Anything could happen it could be all peachy until RMXO expire and then they get rejected for a mining license in September and the whole deck of cards could collapse. At this point in the game I really don't think an expiry date changes the risk. The length of time you intend to hold any could without taking some profits could hit you just as hard if not harder.
 
watchlist Created with Sketch. Add RMX (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.