Well I got that wrong, 13c not 11.5c
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
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RRR
revolver resources holdings ltd
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Well I got that wrong, 13c not 11.5cAlbeit only 2m through the...
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Last
6.0¢ |
Change
-0.001(1.64%) |
Mkt cap ! $16.57M |
Open | High | Low | Value | Volume |
6.0¢ | 6.0¢ | 6.0¢ | $500 | 8.335K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 34018 | 5.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.0¢ | 311665 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 34018 | 0.058 |
1 | 2540 | 0.057 |
1 | 178215 | 0.056 |
2 | 352238 | 0.055 |
6 | 1011454 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.060 | 311665 | 1 |
0.062 | 359926 | 2 |
0.063 | 100000 | 1 |
0.064 | 16690 | 1 |
0.070 | 170000 | 1 |
Last trade - 10.04am 31/07/2025 (20 minute delay) ? |
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RRR (ASX) Chart |