Hi Lukeben,Consolidation of a share generally that there is something reasonably good 'in the Wind'.
Examples VPE,BTV,RRL;these shares were all Consolidated before reasonable news and a resultant Share price increase. Consolidation of a low priced Share may many Times be necessary to suit possible Funding deals etc.,however the Market does not understand this and now as a result RCP has become the cheapest nearer term Copper producer on the Market.
P.S. Mr. 'Promises, Promises',presently, (Mr Bruce Morrin)has indicated that Drilling Plans and Funding Deals will be announced in May and as we know we are now near the end of May. An Update at least would be greatly appreciated by all RCP Shareholders given that under the R.R.S.T. idea majority of exploration would be more Tax efficient if deferred until after the First of July 2011..
P.S.S. RCP is an ideal (Cash flow) target for a Takeover or Merger for the likes of BTV with 'Cash in the Bank' (as mentioned before)given the present Share price here.
No responsibility taken for any losses in association with this Posting.
Regards,
moly
time to buy - post consolidation?, page-2
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Mkt cap ! $3.632M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $4.249K | 1.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 12498495 | 0.2¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 3331273 | 11 |
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