Other ASX miners have found Tier 1 deposits, raised capital early following discovery.
Example Charts
https://hotcopper.com.au/threads/ann-trading-halt.6023411/page-81?post_id=52727567
Their CR was at a discount to the 5 day weighted average.
RTR was at a premium and oversubscribed by 40 million.
Only one, CHN, saw the SP return and remain below the CR for 6.5 weeks.
Both are multiples of their CR price 13 months after raising.
CHN has a SP 7 times CR price (MC of 2.4 bil)
DEG has a SP 5 times CR price (MC of 1.8 bil)
Will RTR follow suit?
Current MC of 350 mil so in 13 months could be $4.76 (currenlty 6.8 times smaller than CHN)
or $3.59 (currently 5.14 times smaller than DEG)
Being over subscribed, having 24 drill results to return from the 2km strike of Chinook and 43 other kms strike left to explore.
Plus Wetern Queens Drilling complete awaiting results
Plus Camel Hump copper Drilling complete awaiting results
Plus JV projects like Lamil AND Fraser, also targetting with tier 1 sized targets.
There are a lot of reasons for the SP not to be sold off from here.
I am very happy to hold and watch progresd over the next few months
Brett Keillor may get another award or 3.
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