Post by
javaman12 on Feb 06, 2023 8:39pm
It Looks Like The Present Accumulation Phase, Is About Over!
The asks keep falling away at the 3.5 cent level.
We may soon hit 4 cents! There are only 83,000 shares available at 3.5 cents today.
Today's markets are confusing to investors, who are attempting to find the best return for their money.
Today, buying higher priced companies with good balance sheets and with good profit potential, has been difficult. Every new buy, seems to create a loss. What's going on?
Rockcliff Metals offers the better price potential that many investors seek. And its shares cost, a lot less money, for the risk adverse.
Look for the best value, where it is the cheapest! That's how to survive, a market full of fear!
In regard to any potential roll back, Rockcliff Metals is not the same company when the last roll back, did occur.
It has several well defined assets. These properties are now, ready to be mined!
This company is no longer, just some mere, exploration play!
If the company has a plan in place, to bring these deposits, into commercial production, then they should go for it!
Clearly, it seems that Greenstone Resources, doesn't have the available capital to accomplish this task, on its own.
And the timing of any such roll back, in whatever ratio they decide to use, is solely at the descretion of management.
They are not locked into any such decision. Such a move will depend upon, how the market prices, Rockcliff metals, in the future. The present trend is higher!
For now, there is no immediate need for any additional capital. The present drilling campaign is fully funded. The drill bit sometimes surprises with unusual discoveries!
Rockcliff's price may appreciate, before any such roll back, needs to occur.
Hopefully, such an announcement, if and when it comes, will include a proposal to provide the necessary funding, to start a mine!
Backroom deals, are sometimes good!
All the best! Java