On October 6, while looking at RML I also looked at Red Mountain Mining (ASX: RMX) and I told a couple of colleagues that they were a good look. And that remains the case.
In fact, in the wake of the Trump/Albanese talks, RMX has, in my opinion, improved significantly in opportunities for investors.
Like RML, they are next door to a planned processing facility in USA plus they have gold and antimony in Australia. And given movements with nearby companies, right now seems to be the right time to look at getting in to RMX.
The share price (currently 3.4 cents) hasn't moved since I first looked at them, but it did jump significantly in late September. And I expect it to do that again very soon. I would imagine that management are very busy meeting with the right politicians and racing to get holes drilled and samples tested.
If their results in Australia turn out well, I would even think a takeover is on the cards, and they are always a bit of fun.
I will keep a close eye on these guys and check back in a couple of weeks.
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