RMES is on my watch list. I haven't bought RMES but plan to in the future. I have spoken with their IR, and the company is currently in the process of selling shares directly to investors. After this stage is complete I predict some dilution. Watch RMES on the L2, if the price get close to .25 I think this is a strong buy. I don't know if it will ever reach that low of a PPS, but anything around that target and I'm buying. I've been following this stock since last year when RMES issued this PR. I will post when I add this to my portofilio.
Business Description Red Metal Resources Ltd., based in Thunder Bay, Ontario, is an aggressive exploration company focused on growth through acquiring, exploring and developing copper-gold assets in Chile. Chile is famous for world-class, low-grade, high-tonnage deposits and possesses massive potential in undeveloped mid-sized, high-grade, copper-gold deposits. Chile has consistently been ranked as one of the most politically stable countries in which to invest, contains excellent infrastructure and possesses a mining-educated workforce. All of our properties are located in the highly prospective Candelaria iron oxide copper-gold belt of Chile's coastal Cordillera. The Candelaria belt is host to Freeport McMoran's Candelaria Mine and Anglo American's Manto Verde Mine. Red Metal has assembled a team with strong geological and management experience in Chile.
Share Structure Market Value1 $4,290,846 a/o Feb 25, 2011 Shares Outstanding 10,216,301 a/o Sep 10, 2010 Float N/A Authorized Shares 500,000,000 a/o Oct 31, 2009 Par Value 0.001
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