RNX is up 11% on 29 million shares traded. RSI seems to have bottomed and is beginning to turn.
Multiple midday 1x million share transactions traded with someone buying 2 million shares ($22,000 investment @ $0.011 per share).
Investors are returning to the stock given its major copper-gold upside exploration potential relating to Mongoose Deeps massive geophysical anomaly, Teir 1 copper province at Cloncurry and proximity to local infrastructure (power, water, processing plant, smelter, etc).
Could it be;
- The Yukon prospect million-dollar settlement is materialising, hence more money to drill deep, or
- Mongoose West RC drilling about to start to further expand the Mongoose JORC resource from 3.1 Mt ore and look for copper-gold connections between known copper-gold rich zones & Mongoose Deeps,
- Encouraging Mongoose Deeps assays rolling in from Mt Isa, Is there gold enrichment near the pyrite zone,
- A new partnership with a local miner-processor to expand their mine life (TNC) and allow RNX to toll treat next door,
- Is Glencore wanting to own a greater interest in the new lease,
- Could Evolution Mining (Ernest Henry mine) finally want into the Mongoose Deeps prospect,
- Could a non-dilutive financing arrangement such as a Royalty funding arrangement be in the pipework to help finance future drilling,
- New Geophysics modelling work has identified something new in this 3 km deep x 1km wide anomaly,
- EPM 28972 status update (currently under application), once granted then a whole new round of drilling could commence in new locations.
- Are investors realising the stock is under-valued and primed for its next uprising?
Other people's thoughts?
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $10.24M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 0.8¢ | $45.08K | 5.311M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 4118721 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 653619 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 4118721 | 0.007 |
9 | 2593166 | 0.006 |
2 | 400009 | 0.005 |
5 | 900249 | 0.004 |
2 | 1899000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 653619 | 2 |
0.009 | 3487500 | 4 |
0.010 | 5593496 | 6 |
0.011 | 804373 | 3 |
0.012 | 113530 | 2 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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