Hey Mac, It was your comment "So now RRR has TWO Uranium Companies?" that got me thinking about Red Rock's strategy here. It is unlikely they will buy up random assets, on the "off chance" that one of them will be a winner!
Red Rock's (AB's)historical strategy is to combine assets so that 1 + 1 = 3 (not 2); in other words, there is a synergistic realationship between the parties involved.(This was the Jupiter strategy)
So combining Cue and RSL seems logical. (Of course we don't own Cue, just a part of it, but this is early days still!
With MMM, being a gold asset,this is now a new avenue.
I could guess that is may have the potential to generate an income whilst other things are being prepared.
(Can't function without a cash supply, and this may well be why Red Rock is undervalued, because good quality assests don't have a lot of value, if they need to be liquified in a hurry!!
All in all, things are really looking up!!
Get your Champagne ready for a Xmas relisting!!
Cheers
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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1 | 19173 | 0.155 |
2 | 86000 | 0.150 |
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0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.200 | 28564 | 2 |
0.210 | 41477 | 1 |
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