Looking back at the chart for RMX after their acquisition of theRed Valley Lithium Brine project I find it very interesting to note that even though the acquisition was announced on 26 Oct 2016 the shares did not in fact start rising until 17 Nov 2016.
I feel we are seeing the same opportunity arise with RLC.
Again low market cap (~$2.84 mil @ 1.8c pre-acquisition) and has recently announced an acquisition of Lithium Brine tenements in Nevada, USA.
Acquisition price is $2 million and ~$1 mil will be raised by an entitlement offer.
Which gives a post Acquisition MC of $5.84 mil (Assuming raise is at 1.8c - i would hope for a presentation and more info to be released prior to this which should boost the price) and approx 320 mil shares on issues with $1.3 mil in cash on hand.
Plenty of room remaining for multi bag returns.
All IMO and DYOR
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Last
0.3¢ |
Change
0.000(0.00%) |
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 16/09/2025 (20 minute delay) ? |
| RLC (ASX) Chart |
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