RE:RE:RE:RE:Level IIyoungkid wrote: Do you think the stock price will move up significantly before we raise money or do you think we’ll have to raise money before the SP will rise? I agree that it’s undervalued, but I would think those with deeper pockets are probably trying to get into a PP rather than having to buy in the open market pushing the chasing the price to get their fill.
Hi, the company has more than enough cash and is fully funded until final production decision (circa 700.000$ which is a crazy amount considering the low market cap !) and therefore there is no need or any pressure to raise capital until full project financing. IMO management will try to raise funds at 1$+ levels (after permitting and off-takes it is easy to imagine that the sp will move way past this number) so anyone who wants to get into RRS at sub 1$ he needs to buy on the open market, there is no way around it.