Post by
javaman12 on Mar 30, 2023 2:31pm
The Private Placement Price, Why Should We Pay Any More?
Martyboss, nobody wants to pay more than the corporate insiders did when they made their last private placement. At that time, Rockcliff insiders felt that only 3 cents was the amount that the company was worth to them!
So why should anyone bid up the stock any higher? At the date of their last private placement, November 28, 2022, the company's share price was also priced at 2.5 cents. So they paid a 20% premium to the price on that particular day. This seems to be a fair amount.
The present bid of 2.5 cents seems very reasonable, if 3 cents is all that Rockcliff management feels that the company is worth for now.
It's up to them to prove to the market that the company is worth, a good deal more! They have good assets but few takers that are willing to pay a much larger premium to the price.
If the next private placement is made a better price than 3 cents then we might expect that the market might be more willing to pay, a little bit more!
We will have to wait for Rockcliff's next re-evaluation of their price. I hope that they price themselves, a little bit higher!
A 10 for 1 roll back, prices the company at 25 cents. If they do a roll back before another private placement is made, then a similar premium, equivalent to the present day price, would have to be priced at 30 cents. That's also 20% premium.
I too would like to see Rockcliff Metals promoting their company, much more actively!
Maybe they will also eventually come to a similar conclusion?
So far they have failed to deliver any good news about their Pennex property. No Pennex drilling seems to have been done. There is little trust when promises are made but not delivered!
They need to understand that this kind of false narrative is quite unacceptable!
But there may be yet some good news to come with the assays received from their drilling at Bur.
And having a significant access to lithium on some of it's properties, could just be just the kind of additional information that the market needs to see!
Lithium is going to be a very hot commodity and very soon!
A lot of future drilling may have to done at Bur to fully define such a lithium resource.
For now the company's focus must remain on its well defined base metal resources. That's what they will primarily promote at present, if they get moving at all, in this direction!
Lithium will have to wait longer to become a bigger option to market for sale, for a company that wants to be taken seriously, by any potential purchasers in the lithium space!
Lithium grades will matter the most to those shareholders willing to wait for it, much longer, until the size and quality of that lithium resource, becomes much better known!
All the best! Java