You are right about consolidation "is not done to raise the...

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bruham

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21/04/24

12:49

Post #: 73443552
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Originally posted by ragisd: ↑

Consolidation is NOT done to solely done to raise the price. You are spreading misinformation, and that could be because you're also misinformed.

RR1 currently has far far too many SIO. It's archaic to manage and less apealing to investors. So, the consolidation has the effect of giving a whole apple for every 5 slices you hold (by the look of it, you hold Nil!). Holding fewer apples is more appealing than the slices.

These sort of debates however, divert from the principal value proposition of RR1. I extended my RR1 holdings because of the Niobium, because of the JV and Manganese. The gold is a great to have, but not a company maker in my view. We need land access right to drill the Niobium prospect thst can be a company maker.

GLTAH.

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You are right about consolidation "is not done to raise the share price".

So the consolidation as it is, shows the complete incompetence of our
mismanagement team.
To make mismanagement look competent, they do the consolidation trick,
reduce the shares and raise the share price.

But in the case of RR1, raising the share price from .003 cents to .015 cents
means nothing, it still looks like a dud.

The market capitalisation is still one million dollars about), that alone screams
DUD, DUD, DUD.

What caused the share price to crash, believing that rocks told the true story of what
they held in the ground ?

just saying, as I left a small fortune on the table.

RR1 Price at posting: 0.2¢ Sentiment: None Disclosure: Not Held
1 Upvote

1 Great analysis

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