RDN ran to $200m cap on FOMO and is still $100m now with no drilling. Agree they should be holding off as there was a couple of smoke signals in that interview. Let's see if DL can be trusted this week - if they hold off, no reason why this cant keep running - it's coming off a very very low base. I remember it was me with a handful of others at 2.7c when there was absolutely zero interest. One guy @aliscrazy could be sitting pretty in Phuket now being the king of the jungle the amount of daily ramping he was doing sub 3c. Not many have the kahuna's for a conviction holder here. I tapped out at 10c thinking there was nothing left but snapped out of it and re-bought at .115 when there was a massive chomp at 11c.
This is going to be a massive roller coaster from here, wouldnt be surprised to see 40% swings either way from here. Timing will be everything - if they announce a potential discovery this week on the back of DD2 visuals or xPRF - not sure if they would without assays but if DD2 is positive, then this quickly doubles again. and then heads past $100m cap once Avalon is closer to drilling. There's going to be a gap between DD2 assays and Avalon commencement of drilling, so expect enormous volatility.
RCR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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