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5.71% 3.7¢ rumble resources limited

Their cash burn is at 2.7MM per Quarter, anything more than 10MM...

  1. CapitalGains123
    163 Posts.
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    10/08/23
    09:56
    Post #: 69262223
    Their cash burn is at 2.7MM per Quarter, anything more than 10MM and they’d be overdoing it. They need to get the cash back to a 4 Qtr coverage and then release the DMS study and update MRE over those 4 Qtrs and then raise again at a much higher price.

    The big order guy is already added sell orders at 16c this morning so I’m guessing that’s where it’ll be +/- 0.5 c
    RTR Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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