I actually meant 5.8.
Announcement?
Well for one, once this large buyer crosses the 5% threshold, they will report it to the ASX.
I suspect they have another funding trick up their sleeve. Probably a placement to this big buyer once a predetermined price is reached. They buyer is expected to take a position of $10M (20%) and they aren't going to get that by just buying on market, there just isn't enough loose stock.
And I reckon they have an increase in lease acerage to announce soon.
Pnce they pull out their next funding announcement, I reckon they will expand the drilling program from 12 holes to 40 holes which is what we need for JORC.
The big one, a JV partner I don't think they would have that this soon but it is something they are developing.
Thats my best guesses, maybe there are further things to announce about the ore body etc.
I reckon they will
- Forums
- ASX - By Stock
- todays market
RCH
richfield group limited
I actually meant 5.8.Announcement?Well for one, once this large...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RCH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online