He is very frugal with our money. Earlier in the year when I spoke with him, we had some money in the bank but it was pre explore and Drill phase 1 at Morrissey Hill and he was not wanting to travel, wine, dine, do conferences that needed flights etc until drill 1 complete (how much confidence he has in MH).
This was also not long after he secured some Asia investment from his Singapore trip.
We have since raised $4m, have money in the bank, Options ($12m) started being converted and much more healthier financially. So when MH Drill drops if it’s like JB has eluded to over past presentations and talks then we should IMO see a lot of exposure from and for RR1.
*remember JB has only been at Reach just on 1.5 years. If anyone wants to see how a junior stock and company should act then look no further. Growth, beneficial acquisitions for RR1 holders and pervious tenement / lease holders. Updating holders often, never shying away from a chat and as open a book as the market allows him.
The next year will be huge IMO, we’ve seen what JB can do with no money.. imagine what can be achieved with some money.
Happy Friday SS - thanks again.
RR1 Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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