RRR revolver resources holdings ltd

Well I got that wrong, 13c not 11.5cAlbeit only 2m through the...

  1. 2,874 Posts.
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    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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(20min delay)
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
Last trade - 10.04am 31/07/2025 (20 minute delay) ?
RRR (ASX) Chart
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