RR1 has BILLIONS of shares on issue ( 3,155,050,639 ) to be exact, and at September they only had under 3 quarters of cash left so we all know what this means, a CR at lows coming imo.(this appears to be the near future outcome !
How this ever ran to 2 cents on rock chip samples is just insane.
It is now headed back to a 20m MC which is the very most it ever should have been in my opinion, and @ $20m MC the SP will be around 0.004, which is where it should be at most i believe,
Most of its peers in the location are around that level, and if they aren't now, they soon will be.
This is the reality of the stock market, a transfer of wealth on nothing, and ASIC is nowhere to be seen !
Look at the recent 13Nov announcement, big heading but RR1 Li results are low, and people talk VSR here, well VSR Li grades were even lower at 0.03% Li which goes to show that exploration stocks in this immediate location are over priced at the moment in my opinion and will settle back to reality is what is occuring now /
Expand
(20min delay)