yeah dumb arse every explorer needs to raise capital key is raising money at higher MC to limit dilution.if RC drilling results are poor what price you think market will agree to put funds in at ??
like i sad LYN was clever they raised enough to see them through. not the case for RCR they wont have enough cash to continue their exploration and will likely tap the market.
given SP has continued to slide despite the big fall from 14.5c to 9.7 and today low of 7.3c can only suggest market is betting a CR
Ann: IOCG-style Mineralisation Confirmed at West Arunta, page-333
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $31.71M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 12.0¢ | 10.5¢ | $394.7K | 3.610M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 178160 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 214610 | 5 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RCR (ASX) Chart |