Hi CR. What on earth are you talking about? Today's VWAP was 1.5c. 3.8 million shares were traded, of which about 400,000 went through at the closing match at 1.4c. Hardly a "dump".
RIO will commence drilling on EPC 1824 in July, perhaps earlier. This is a hard coking coal asset, right next to RIO's existing Hail Creek mining hub. That's got to be worth alot more than $10m IMO.
Yep this is risky and like every mining share has been smashed. Go ahead and sell at 1.4c if you like. Who knows that may be the right thing to do. I personally think this will run to over 4c on decent drilling and coal quality results.
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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25 | 1566763 | 0.110 |
8 | 308781 | 0.105 |
6 | 66950 | 0.100 |
2 | 100001 | 0.099 |
Price($) | Vol. | No. |
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0.120 | 25000 | 1 |
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