No one is capping this to accumulate. The simple fact is the hole didn't match with the hype. People, myself included, had unrealistic expectations.
The announcement however is correct in all respects. The drill confirmed a breccia with traces of good grade copper in places. It is an excellent prospect. The next problem is how to fund another 20 deep holes to do justice for the necessary exploration.
Until that riddle is answered the SP is not going anywhere. Unless the upcoming drilling at Mongoose West returns a hail mary result, and the SP multiplies, the future is either a JV agreement or the thing languishes for a long period until the money turns up to poke another hole into it and see if it gives a better outcome... imo.
RNX Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
