Yeah all "Potential" has been removed from the price. Essentially I believe until some game changing news comes through the door via current drill updates/results then the SP will pull back to high 20s MC which equates to what a Canadian explorer is valued at with good money in the bank.
I would say its 50/50 macro and the SP being pump and dumped for the CR. LLI has displayed good potential but anything above $30 mill MC in Canada won't hold. If this was the Pilbara the SP would be 75c right now as per an easy comparison with RDN.
Ah well, I had my bitch .... Cant say I am looking forward to next week though given even good news will just be sold into and the unstoppable bleed will continue.
Yeah all "Potential" has been removed from the price....
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9.6¢ |
Change
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Mkt cap ! $8.902M | |||
| Open | High | Low | Value | Volume |
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