Chasing the lithium bug will only help the short-term share price.The problem with this company in the past has been that they have been acquiring land and doing nothing with it. Because of this, no revenue has been generated which has resulted in cap raise after cap raise.If they focus on Mt Sholl and begin mining, this prevents the need for further cap raises. Yes, this is still some time off but it will enable the company to flood these projects with cash internally generated rather than through diluting shareholders.
This will get the share price higher than the lithium bug will and won't be just a pump and dump.
Chasing the lithium bug will only help the short-term share...
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $73.40M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.8¢ | 2.6¢ | $432.2K | 16.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 345000 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 149422 | 1 |
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| RDN (ASX) Chart |