RIM rimfire pacific mining limited

Scandium: The $20 Billion Dollar (PLUS) Opportunity – Rimfire’s Path to Greatness, page-66

  1. 812 Posts.
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    I have never in my life heard anything more ridiculous. This is an obvious attempt at fearmongering to push Rimfire’s price down with exaggerated claims about the company’s finances.

    Let’s break this down, Bob. Let’s go to the report and explain why Rimfire is actually in a position for growth not failure, and why this is an opportunity for investors.

    Yes, Rimfire had $187,666 in cash at the end of June.

    However, focusing only on this number without considering the company’s asset value and upcoming catalysts* is completely misleading.

    Rimfire holds high-grade cobalt, copper, and scandium resources, and it’s in the final stages of a court case that, if successful, could lead to major investor confidence and a surge in capital inflows.

    Resource companies often raise capita this is completely normal.
    Now, about the $700K in director fees again, this is standard for a listed company.

    And those legal fees? Fear-mongering plain and simple. If Rimfire wins its case on October 16th, those legal concerns vanish, and we’ll see a huge confidence boost. What happens then?

    Capital starts flowing, and the share price skyrockets.As for the claim that the exploration plans are ‘thin air,’ that’s just laughable.

    the Bald Hill project has already confirmed high-grade cobalt and copper mineralisation. With more results pending, this isn’t some fantasy—it’s real, tangible value.

    And Bob, saying that option holders won’t convert? That’s short-sighted If Rimfire wins, the share price is likely to surge, making those options a bargain.

    Smart investors are getting in now to benefit from the upside later.The timing couldn’t be better. Rimfire is positioned perfectly in key markets like EV batteries and green tech, and all this groundwork is about to pay off big. This is far from failure—it’s an opportunity for massive growth, and smart money knows it.
    Last edited by Tomobince: 07/10/24
 
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