RMX 0.00% 0.2¢ red mountain mining limited

mattyedwThe company were absolutely in order to take all the...

  1. 3,194 Posts.
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    mattyedw

    The company were absolutely in order to take all the monies from the oversubscribed SPP

    Funding is the necessary part of any company wishing to move forward

    It saved the company from having to go for a Cash Raising
    with the expenses that that incurs

    However I am surprised and disappointed at MDO dumping their shares,but who knows the reason why

    Do they need the cash in a hurry as some posters have suggested...maybe

    Remember the company that formalised the Scoping Study took shares at 2.9c in part payment for their services so
    surely they could see the potential ....moving forward

    I certainly believe that at current levels RMX offers an opportunity to buy for the future
 
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