RLC reedy lagoon corporation limited

Lets compare RLC to other Li brine explorers: [ATTACH] Except...

  1. D.D
    3,165 Posts.
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    Lets compare RLC to other Li brine explorers:
    Li Brine explorers.jpg
    Except CAD none of the above listed stock has conducted a drilling program yet.
    RLC's numbers look better than it's peers.
    LKE management holds 16%. Look at ASN and Li3.
    Register is tightly held. So price resistance is very low. Dedicated management, Low cash burn(admin cost $42k) and many more positives.
    Geology- Mg and Ca level in Nevada is very low as well. I am not sure if Li brine in UTAH and other places with extremely high Mg level will produce battery grade LCE. This is another edge we have.
    Results from geophysical surveys done by RLC looks better.
    But why is RLC the cheapest?
    I had this discussion with a couple of others. The reasons I can see now are..
    1. No promotion. There was 1 article recently published. That helped the SP to raise from 2.1c to 3c. But.... that's it.
    No other promotion. No broker involvement either(so far). How will the world know about RLC?
    For instance, ASN- Directors presented in conferences in China and Canada, they appeared in videos as well. May be more..
    Promotion is vital for resource explorers.
    2. Someone said- Liquidity is an issue. Well.. we'll see liquidity when we get close to the mc of our peers.. and ,may be when drilling commences. Broker involvement should help as well.
    3. Low MC- LOL. Most of us buy because it's cheaper. But many start buying only when MC is above a certain level.
    4. May be SP was heading towards 10c and above to match the MC of other Li brine players. TH stopped it.
    5. CR- Many wait for the CR to be done. GF wasn't willing to issue too many shares, which is good. But I've been holding this thing for 8 months. Finally we are close. Sigh..

    CR:
    While CR at high price is good for the company and the sentiment... , the cynic in me says a bit cheaper means I get cheaper shares... SP will move higher anyway.. I'd still like to see higher price... some bought their shares at 7c.

    I'll stop my rambling there. What do you guys think?
 
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Last
0.3¢
Change
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Mkt cap ! $2.330M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
10 15106927 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 8172248 10
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Last trade - 16.21pm 15/09/2025 (20 minute delay) ?
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