RHC.v catalysts incoming as SP approaches support. If you’ve been debating establishing a position in Royal Helium (TSXV: RHC), now is a great time to do so. The company has begun drilling at the Val Marie Helium Project, finalized the acquisition of Imperial Helium, and is planning to drill at the Nazare Project later this year.
Drilling at Val Marie is expected to take approximately two weeks, so I expect to see some bullish catalysts in a few weeks’ time.
Shares are currently trading at a steep discount near 2-year lows. I really don’t expect SP to dip lower than support at $.3 considering how many bullish catalysts are on the horizon. I don’t want to toot my own horn, but I did call the 300% First Helium (TSXV: HELI) run weeks before the stock took off.
RHC.v is currently trading at $.32, valued at $45.68 million.
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