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Bullboard - Stock Discussion Forum Resolute Resources Ltd V.RRL

Resolute Resources Ltd. is a Canada-based energy company. The Company is engaged in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs in Northeast British Columbia and Northwest Alberta, utilizing multi-lateral drilling technology. The Company is engaged in developing approximately 44 sections of land representing over 28,160 acres in Northwest Alberta... see more

TSXV:RRL - Post Discussion

Resolute Resources Ltd > lol news is out...they will need more money in the near term
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Post by loopsbutterfly on Jan 29, 2024 7:41pm

lol news is out...they will need more money in the near term

drilling is very costly...

They are looking at strategic process to enhance shareholder's value

no assurance on the result...it is a wait and see situation for now...
Comment by loopsbutterfly on Jan 29, 2024 8:37pm
A srategic alternative to enhance shareholder's value is usually a good thing for the share price but the best is a join ventures otherwise they will need a stock consolidation in order to rise more money...I guess that's why the management is looking at other things in order to avoid a stock consolidation.
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