Albeit only 2m through the CR, but still, a pretty good deal there if you ask me.
What's interesting to me is the loan facility. RRR now have a touch over $2m, drilling on the anomalies identified to start in June, and a debt facility of 7.5%
Keen to fear opinions here but management are clearly trying to about further dilution and therefore feel they're at the bottom of market cap. They must genuinely feel that in 2-3 quarter's time, when I would expect cash to be down to the last quarter again, they either expect to be making money getting their resource mined and trucked nearby, or they plan for a second CR at a materially higher price
I was sniffing about here looking for 11c ish entry but with this news, I think it's a Buy from me. Doesn't look like the volume is there though
RRR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)