RLC recent announcement of acquiring lithium brine Nevada project needs a lot of money and further approvals.
RLC has no money in the kitty ( see Sep 2016 quarterly report) and has no alternative to raising capital sooner than later. So, major capital raising on the way with probable 20 to 30% discount at current share price.
US is experiencing winter at the moment. So, wait at leat 3 more months before you will hear something interesting.
Moring star @nab trade valued RLC at 1.4c. So, in my view CR will be around that.
DYOR
RLC recent announcement of acquiring lithium brine Nevada...
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0.3¢ |
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Mkt cap ! $2.330M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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| Last trade - 16.21pm 15/09/2025 (20 minute delay) ? |
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