@assailed - RBR is no different to other stocks at this level, the company is starting on a new venture and eventually the market will cotton on. Returns on this type of business should be nice and predictable where there are break even points and profit targets with eventual dividends down the track depending on expansion and reinvestment.
@Oscar11 there was also the addition of Joshua Pitt as a substantial shareholder in August with the purchase of 20M shares as part of the shortfall of the rights issue. Mr Pitt is executive chairman of Hampton Hill Mining NL, non-executive director of Red Hill Iron Limited, Traka Resources Limited and Red Metal Limited. He was also a non-executive director of Pan Pacific Petroleum NL until his resignation in August 2014. See the following links:
http://www.hamptonhill.com.au/Directors.htm
http://www.redhilliron.com.au/Directors_x1.asp
http://www.redmetal.com.au/about-us-mainmenu-51/management-mainmenu-59.html
http://www.trakaresources.com.au/corporate-directory
Interestingly, Mr Pitt is also a substantial shareholder of HHM (89.7M shares); RHI (8.6M shares); RDM (14.8M shares); and TKL (10M shares).
Please DYOR.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.268M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 40701989 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 1558490 | 3 |
View Market Depth
No. | Vol. | Price($) |
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7 | 40701989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 1558490 | 3 |
0.003 | 11934360 | 12 |
0.004 | 9083666 | 4 |
0.005 | 5000000 | 3 |
0.006 | 5007000 | 3 |
Last trade - 16.12pm 13/09/2024 (20 minute delay) ? |
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