RMX red mountain mining limited

Ann: SPP Closes Oversubscribed, page-74

  1. 31,384 Posts.
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    Why keep the price below 0.012?.... to ensure that it would not get noticed by the ASX.

    That's a big call if you ask me. Can't prove or disprove but to me it's more likely that SPP holders or traders are happy to take that price. RMX has always had heavy trader involvement and considering most of the volume over the last month has been at .9c there's a bit of resistance at the 1.1c mark. Anyway you're welcome to your opinion but my initial reply to you was my disagreement with your claim there should have been a speeding ticket. To me based on ASXs formulas and how its been applied to other companies over time I wouldn't have even expected RMX to come up on their radar at all.
 
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