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?
RNX Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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