Why did Red Mountain’s share price spike on no news this week? There are four possible reasons, the company says.
One: drill results from a maiden drill program at its high grade Mt Maitland gold project are expected on or after Tuesday, 12 January.
Two: access agreements for its Koonenberry gold project in NSW — adjacent to Manhattan Corporation’s (ASX: MHC) recent discovery — are expected around the middle of January.
Three: “The recent bullish increase in the gold price.”And : “The strong sentiment towards rare earths” as Red Mountain prepares to punch more holes into its Mt Mansbridge rare earths project in WA.
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