rmx on 27th feb - drilling show

Good Day;

RMX closing 5.6% up with Over 13 Million traded today (VWAP: @0.019).

Just trying to summarize what has been discussed so far (please note : ALL IMO):

+VE:

1. Panic sell is over.
2. Trenching results were excellent. Resources extending
towards Japanese tunnel.
3. Drilling results of first 5 holes weren’t excited but at
least gold was identified. Awaiting results for further
holes drilled together. Announcement could be out anytime
(IMO - Friday could be the day:-).
4. Phase-1 Drilling continues for another 12 holes.
5. Phase-2 is schedule for 30 holes (2100 metres).
6. Fully funded for phase-1 & drilling + Development study
(scoping & feasibility). Hence lot of time in hands to
prove resource extension.

-VE:

1. First drill results weren’t good enough.
2. Excellent trenching result, doesn’t guarantee excellent
drill results.
3. Complete drill program can take longer than expected
time. Patience requires.
4. Lack of trust in management.

Neutral (To be decided):

1. Delay in scoping study: Management claims to add high
grade-low cost resources. Drilling results will decide if
the claim is genuine.
2. Mindoro will have 96 Million shares in hands on 04th
March. No one knows either they are going to sell sooner
and if so, at what price (2c, 4c, 8c or over 10c)?
However; RMX price will completely rely on upcoming
drilling results, not on Mindoro’s shares.

Please correct any mistake or feel free to add missing points.

So far looking good, IMO. However, Risk/Reward should be measured correctly before making an investment decision.

Please DYOR.