RDS 0.00% 0.4¢ redstone resources limited

Looks like this little entity has had its fair share of...

  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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