On 28 April, Rumble stated that the Earaheedy results would be available in 3 to 4 weeks. Thus, the sweet spot for getting these results would be later this week or early next week. Fasten your seatbelts.
I will be fascinated to see what happens post announcement to the ZNC and RTR share prices.
Given the ZNC share price, since the discovery, has underperformed the RTR share price by a significant margin, one would suspect ZNC shareholders are better placed than RTR shareholders if the announcement is disappointing (that is, ZNC has not gone up so much, so should not fall so much). It is not so clear if the announcement is a good one, as the excitement has centred on the RTR share price and one could imagine, in the short term, that may continue.
If that were to occur, and the discount increases further, I think ZNC becomes an overwhelming arbitrage play.
Let's see what happens.
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- Ann: Major Zinc-Lead Discovery at Earaheedy Project, WA
On 28 April, Rumble stated that the Earaheedy results would be...
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