Most importantly the volume is picking up! Forget the daily share price movements for a minute, this has all the hallmarks of testing new highs and re rating in the near term IMO. 56M from the raise has no doubt been absorbed now because hundreds of millions of shares have been churned over since the raise a couple of months ago. Traders are also taking profits along the way until they can free carry. Every day at high volume means there is less resistance the next day. The only thing that can stop this momentum and new highs and re rates is either a surprise market crash OR poor results. Going by the information from phase 1 drilling, results will not be poor IMO. There will be some decent IOCG related hits. In the event of any market crash, we are also derisked due to the gold exposure and having that safety hedge ability. Any REE news from these RC samples and the re rate will be enormous IMO! Only a matter of days now before results arrive, expecting early next week, week after at the latest imo!
RCR Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
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