Short Term Trading Week Starting: 6 May, page-138

STTCOMP RMX, FA Long

(ASX:RED MOUNTAIN MINING )
SP: 1.1c
MC: $ 6.8mil
Cash: $3.2mil
Shares: 622,481,208

Acquisition type play

After 2 failed attempts at acquisitions (Lithium and Copper/Cobalt) RMX directors have been looking to secure a new solid project in the "gold, energy metals and base metals space" or if not maybe a new job, haha jokes



Possibly alluding to another Cobalt play or even possibly Vanadium in safe and mining friendly Northern America.

With plenty of cash and a low MC, RMX has the potential to multi bag with a decent project.

TAR went from 8c - 39c
WFE (no acquisition hype) .001 - .024


See my TA tip also for RMX
https://hotcopper.com.au/#top