Ann: Heritage Clearance Obtained & $4M Placement Completed, page-59

Quit spreading misninformation and fear mongering, there's no consolidation coming. SOI whilst high is normal for this end of the market and any consolidation that might occur won't be at a mere $30m market cap but at a $3 billion valuation (not saying this is going to that level, simply that there won't be any thought for consolidation beyond the idiocy of HC until that level), so stop this stupidity and focus on what's really at hand. Delta Lithium are more likely to takeover RR1 before any consolidation comes if the upcoming drill results are good.

A consolidation doesn't change the value of your investment, doesn't matter your share holdings size. Market Cap value is what matters, what you're referring to are the poorly run companies that find no projects worthwhile, have to restructure after so many cap raises and do a consolidation especially if they need to re-list. If the company has a very good project then a consolidation won't matter and shareholders gain in the same way from the market cap gaining value because of the project having value.

Focus on the market cap, not the shares or share price; only thing for shares is how far the market cap value can realistically move in price, so currently RR1 would be approx.

$60m market cap at the 2c level
$120m at the 4c level
$240m at the 8c level
$480m at the 16c level

Anything beyond the $60m market cap will need to have substance behind it to sustain, regardless of how many share are on issue.

Drilling is finally here on what's a very promising tenenement with heritage approvals done, drill contractors mobilising to site...that's the only thing that matters here.

The stupidity of this forum continues to amaze me after so many years.