I think CML have done a excellent deal via the buy in of Red Fox (redfoxresources.net.au)
Its pretty out there to have a $5m 1.7c per share company being jv'd with Rio Exploration with an 'imminent' start to drilling.
Add in that they are testing for a nearby extension to Glencore Ernest Henry Copper mine and you might start to wonder about the upside if the geophysics delivers anything like its suggesting.
If it misses, its still a good deal, RFR has some other $$$ properties, pretty good geos and looks like a great fit to back into the CML shell.
I know its bit of a sales pitch but the moment RTX announce that drilling has started ........
DYOR.
I think CML have done a excellent deal via the buy in of Red Fox...
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Last
1.9¢ |
Change
0.001(2.78%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $5.542K | 304.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3388688 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 4561885 | 12 |
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| Last trade - 11.26am 16/06/2025 (20 minute delay) ? |
| GCM (ASX) Chart |