he's right about the cap raise. The cash might be enough to get them through the drill but it will leave them in a terribly dangerous position afterwards if it comes up with nothing from the drill. These guys wont let their own salaries be put at risk so at some stage you can be sure it will happen. Add in that the company has said likely results in May... unless they somehow hit it big. So that's a few months away from real, pricing moving news. That's why no one is buying. It's too long for such a day trader driven market to wait around in illiquid micro... that may or may not raise. I would suggest low 3s/2s is on the cards. My advice is look away until the results are back.
RCR Price at posting:
3.9¢ Sentiment: Hold Disclosure: Not Held
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