Why hold? That's simple! Rincon is on its way to becoming another SQM. RLL has similar salar brian and better expertise to exploit the resource which is expected to last at least 50 years after full scale production commences. SQM is now considered one of the top 10 stocks in the US market. Up 350% in 6 mths, despite the DOW falling 15% in the same period. Now the experts are predicting RLL will climb to $1.50 withing 12 months of listing. That's about a 300% gain after the demerger and share price consolidation. Then there is ADY. When that increases iron ore production to 3mtpa in November, the sp should increase by a similar amount.
As RLL is free for owning ADY - therefore the likely 6-12 mth gain is 600% on your investment.
I suggest holding on and don't let yourself get shaken out. When the demerger is announced every drover and his dog is going to want to get his hands on ADY to qualify for the demerged RLL! Just wait and you will win!
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Mkt cap ! $17.92M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 683226 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 1262998 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 683226 | 0.010 |
4 | 1166112 | 0.009 |
2 | 127500 | 0.008 |
5 | 975102 | 0.007 |
6 | 1400000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 1262998 | 3 |
0.012 | 318992 | 2 |
0.013 | 400000 | 2 |
0.014 | 200000 | 1 |
0.015 | 728798 | 3 |
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