Skip to main content

RMX

Red Mountain Mining (ASX: RMX}is another of those companies (like RML) that go into a trading halt only to deliver lacklustre results.

Oh yes, they can see stibnite on the surface, but was that worth a trading halt? They even broke open a couple of rocks and found (shock, amazement) what they were looking for. Looking being the important word, because they looked at a rock and said: "That LOOKS like it has 60% stibnite."

We await the real science.

So now they are getting out the post hole borer and, for the rest of December, drilling post holes. THEN it will take 3 months to get results back from the labs.

Nope, still not worth a trading halt.

Well that's their Australian project out of the way. What's happening in America?

Oh, assay results aren't due until the end of January? Nope, still not worthy of a trading halt.

I seriously wonder if this whole hysteria around critical mineral has caused the managements of many companies to lose their minds.

RMX may have some results in late January that are worth a trading halt, and those are the important results. Until then, I reckon there will be the chance to pick up a bunch of cheap shares thanks to this management stuff-up.

Comments

Post a Comment

Popular posts from this blog

A Couple of Updates

 Well, it's Monday morning and the week has started with a bang. First, PFE announced that there was an unexpected problem with their test drill and they have had to abandon that and go to a new test drill site. A delay, but no real issue apart from that. And the market hated that. Good news for those wanting to buy, not so good for existing holders. IMC released their AGM presentation which indicates that there will be some news in December and then a very busy (and hopefully productive) 2025. Sales are good and continuing to get better and better.
Post a Comment
Read more

2025 - an early start

 Ok., so here we go on my Trump-era goal. Just bought MXR (yes, on the ASX). AAR wants to take them over at 7 cents as a scrip payment (paying in AAR shares instead of cash). The current share price is 6.3 cents. So that should be a quick 10% gain. However... this does look like a lowball offer and may yet be increased. MXR has great assets and AAR already owns almost 20% of MXR. So AAR is committed to a deal and that may just attract other attention. It looks like a no-brainer to start 2025. Yes, there is always some risk, but this one looks pretty good. I have done a bit more research and have some exciting thoughts, including one that looks a little like another WGO (which returned handsomely on a takeover). More news coming as I do more reseach.  Another one that looks good for a quick profit is GES, but as I write this, there are no shares at the right price (.05).
Post a Comment
Read more

Out of 2

 I ahd some bills to pay and these 2 got the chop: PFE - such promise, such disappointmen IMC - I always had some ethical problems with this one.  But there it is. Bills paid, and a little left over to find something new with. 
Post a Comment
Read more