I think it would relate to this being one of the most undervalued gold (and now nickel) companies on the ASX and think the market is just waking up to the potential. Will we see this traded by multiple investor types, yes, but the smart ones are the accumulators.
Management (although from the outside can seem frustrating) has been building this company since the change in direction/focus about 3 years ago.
The now have multiple Australian projects, in the right sectors, and locations.
I would expect that at some stage over the coming week/s, we will see a clear timeline/outline for their projects in 2021.
RNX Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)