RDS 0.00% 0.4¢ redstone resources limited

?Exploration Target: Cu: 31 - 47 MT at 0.8% - 1.3%?

  1. 1,962 Posts.
    lightbulb Created with Sketch. 735
    Looks like this little entity has had its fair share of struggles / broken promises with an imminent cash squeeze.

    But positives are:

    - Recent director buying, on top of already outsized positions in the co
    - Copper price rally will improve fund raising ability
    - ~$2.9M market cap at 0.009c with options not looking likely to be in the money
    - Modest initial JORC, but not immaterial relative to MC and they seem to think they have good prospects to expand with exploration target of 31 - 47mt at 0.8 - 1.3% cu

    Any thoughts?

    Screen Shot 2016-11-24 at 9.19.40 AM.png
 
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