So, was it overvalued in April 2021 or undervalued now? It's almost a completely different company given what the drilling has uncovered since then. Management should be embarrassed for no other reason than they have failed to get the market excited about what they have at Earaheedy. They thought the drill bit would do the talking for them, but it hasn't.
What is required now is laser like focus on hitting the most prospective targets and selling the company's story. They need vision, something that has been sorely lacking and lost in the nuts and bolts of exploration activity.
AGREE!Traded at 0.12 today. This is becoming a serious concern for holders. There's going to be a massive dilution when they next raise capital.
Traded at 0.12 today. This is becoming a serious concern for holders. There's going to be a massive dilution when they next raise capital.
Where sellers are feeling the kickin the nuts
I'm a bit mystified by all of this. Usually capital raisings are well planned in order to achieve certain desirable outcomes such as raising the cash (and are hopefully "heavily oversubscribed" for good measure) and making management look competent.
So what happened here? Usually you have some good news set to arrive just before the CR to get the punters frothing at the mouth. You know, something to get people confident about investing in a company that's share price has been in a steady downtrend for the past year and a half. But there is no vision here, just a bunch of holes the ground.
In my estimation, management has done a shocking job selling the RTR story. They've also botched this CR and now the company looks like a bit of a joke. A very sad situation.
The volume is there, the grade is ordinary.
What will turn this around is the price of Zn/Pb. If base metal prices turn around I would not be surprised if this went nuts. So, it's a bet on base metals really.
And, maybe the MD should have been a full forward instead if a winger. He wasn't a very good one at that.
Shane Sikora out the door in the middle of a critical CR. Can't say I'm surprised although the timing is a little odd. Honestly, I think some new blood and a fresh start is needed right now. I hope the new MD, when he or she is found, really kicks some goals for the company.
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Every other announcement they make sees the share price go down at least we went up today.
Thought bubble.
RTR reminds me of NCZ which got taken over.
Had some profitable trades with NCZ when the SP was down in the dumps, but they were long hard trades.
Base metals really need to regain some price. It was looking like they were a few weeks? back, but fizzled out.
Some Muppet on the forum was claiming "there's nothing like a nickel boom", it's been hitting new 52 week lows for a while now.
Nickel
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*Breaking News.
AVL and TMT to merge.
RTR are not the only ones stumbling, nearly every thing I have designated a medium to long term trade is down the drain. I have recently added a few more shares at these lower levelsWith RTR stumbling at the moment, it wouldn't surprise me if a major looking to increase reserves, or projects in that neck of the woods (Earaheedy), decided to take it over. With base metal prices in the toilet at the moment I think we will see a lot of M&A activity in the next 12 months as larger resource companies run the ruler over small cap explorers with promising projects.
More of the same from the Mato Prospect. Low to average grade zinc and lead mineralisation from 100m to 200m. Share price is barely moving this morning. They need to find those feeder faults.
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