Once the cash was raised - it was always a matter of time until the drill hit the ground.
The SP drifted to extreme lows of 1.3c or so.. and now up almost 250% from lows. All that has changed is that we are closer to drilling, and now we have the cash.
Transaction still to be finalised.. but its pretty much a matter of when and not if now. Hence the positions being taken. The upside clearly outweighs the risk at these prices... but only the patient will prosper.
GGG's ann also provides confidence to rare earth/uranium development in Greenland. All good news to RMR
RMR Price at posting:
3.2¢ Sentiment: ST Buy Disclosure: Not Held
