RB6 rubix resources limited

7.87%

9.6¢

Ann: Encouraging Hyperspectral Mapping Results at Ceiling Lithium, page-28

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Yevgeny

303 Posts.

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18/09/23

05:08

Post #: 69893475
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Originally posted by OzBandit: ↑

No, they don't. According to their March 2023 quarterly report, they had $2.6 million cash on hand. I suspect they'll use it judiciously, possibly focusing on ground surveys to identify promising rock chip samples. Their goal might be to generate market excitement and aim for a share price of around 35-40c. Once they achieve that, they could announce a capital raising. This prediction seems fairly logical. They'll need the cash to expedite exploration and, ideally, for a winter drilling campaign. As long as they show significant progress, I believe the current shareholders won't hold this decision against them. Having DG on the register and actively exploring is a critical asset. Jody expressed a subtle yet noticeable level of excitement about the potential of the Ceiling lithium project.

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I was going off this - you're right, they have $2.6m in the bank, but they say they have that number of 'quarters' to run with it? Apologies if I've mislead people, here:

RB6 Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.6¢		Change 0.007(7.87%)		Mkt cap ! $5.899M

Open	High	Low	Value	Volume
9.3¢	9.6¢	9.3¢	$790	8.389K

Buyers (Bids)

No.	Vol.	Price($)
1	139844	8.4¢

Sellers (Offers)

Price($)	Vol.	No.
9.9¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	139844	0.084
1	15000	0.081
1	15384	0.065
2	46870	0.064
1	8080	0.062

Price($)	Vol.	No.
0.099	10000	1
0.100	24925	1
0.130	100000	1
0.140	32222	1
0.175	100000	1

Last trade - 15.55pm 27/06/2025 (20 minute delay)

RB6 (ASX) Chart

Ann: Encouraging Hyperspectral Mapping Results at Ceiling Lithium, page-28

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Ann: Encouraging Hyperspectral Mapping Results at Ceiling Lithium, page-28

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