In my opinion running Rcp into the ground, the dodgy La Jolle deal was all part of MKs & DCMs grand plan to take 100% control of Rcp. I predict once the merger takes place funds will mysteriously become more readily available to move into production.
With Deco metals the major player at SRE im sure it would have been their doing to merge the companies... Why share the $$$$ when you can take 100% control (currently approx 25%).
The copper price remains favourable and cash flows will be reasonable at these levels. Deco having come this far with a further relatively small outlay to realise cash flow wont be pulling out now and losing their invested dollars.
Only my opinion...have been wrong many times before
grand plan
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.632M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.249K | 1.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 12498495 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3331273 | 11 |
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| Last trade - 15.32pm 15/11/2024 (20 minute delay) ? |
| NTM (ASX) Chart |