RR1 0.00% 1.2¢ reach resources limited

Hi @graydog and other forum members My understanding is the...

  1. 432 Posts.
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    Hi @graydog and other forum members

    My understanding is the value of RR1 shares pre-consolidation was 0.2 cents per share and after-consolidation it will be 1 cent per share.

    pre-consolidation 4,000,000 shares @ 0.2 cent are worth $8,000 which translates to 800,000 shares after 5:1 consolidation @ 1 cent worth $8,000

    I expect some turbulent trading for RR1 when it resumes.

    I am hopeful / looking forward to positive news in future months but that does not neccesarily equal confidence... I am happy to be wrong though.

    Time will tell. Sadly a lot of holders have got pretty much nothing left to loose.

    GLTAH DYOR


    Last edited by foxy43: 30/04/24
 
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