RMX 0.00% 0.1¢ red mountain mining limited

Thanks Rick for TA Charts.I believe it was just MDO dumping...

  1. 13,333 Posts.
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    Thanks Rick for TA Charts.

    I believe it was just MDO dumping which kept a big wall for RMX to move north despite +VE SS, neutral drill results (neither -ve/+ve) and further positive trenching. However, it has shown a great resistance at this price despite such huge barriers and numerous -ve talk (except few were reasonable/logical).

    IMO; hot lava, volcanic ash and gases are set below RMX surface and so couple of decent drill results and mining permit news should leas eruption of strong volcano to push SP to north and will be hard to judge where will it stop. Looking at current market cap and comparing with peers we are very undervalued and so I believe it will stop well over 3-4c.

    However, good talk but everything depends on drill results. So fingers crossed :).






 
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