RMX 0.00% 0.1¢ red mountain mining limited

Again, share volumes are low over the weeks including volumes on...

  1. 215 Posts.
    Again, share volumes are low over the weeks including volumes on the day of recent positive announcements (IMO). Some may have offloaded for a quick profit (circa 1c to 1.3/1.5c = 30%-50% SP rise). Well done for those that did.

    SP don't go up in straight line. The fundamentals are still on track and the results/resources are building from recent results(IMO).

    MDO may have had remaining shares that needed cash for their agenda. (My guess). We won't know this until top 20 shareholders are issued out.

    Gold price under US $1300 and AUD $ going up may have inputted downward SP pressures. Day to day SP movement on RMX can put smiles for some and sad faces for others; depending which way the movement of share price, especially on double digit percentage daily movements.

    Yes, it appears there are manipulations of closing share price. Why? Not sure. It could be Bots. I have seen bots in action on other shares, selling at ridiculous volumes.

    Resources building and awaiting for further drilling results.


 
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