My Understanding is they found some good stuff to the north and were about to hit it with full force.. But then DF from Red Dirt (DLI) was hugely spruiking about their tenement and RR1 secured right next door (Morrissey Hill).. So rightly so, they wanted to exhaust that in the hope they could replicate what DF was screaming from the roof tops as the bees knees.
As we now know, no other company all around the now DLI (Red Dirt) tenement has found anything and DLI has since also not been finding what DF was spruiking. Niobium hit the market with WA1 and we have WB so they hit that... Again understandably.
Now it is time to get money out of the gold fields holding IMO and then hit the north stuff as that is where I feel RR1 will secure their future. There are grants on offer and DRE and HAS are applying and winning / gaining them. It is time we got some of that funding to explore rather than dilution.
Just my 2 bobs worth. ALL IMO. DYOR.
RR1 Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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