GREY:RNKLF - Post by User
Comment by
hamilton0001on Jan 15, 2018 10:28pm
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Post# 27364877
RE:KATANGA hit $2.80 with 2BILLION shares RNX should go big
RE:KATANGA hit $2.80 with 2BILLION shares RNX should go bigKatanga is producing Cobalt which is essential for electrical cars. Congo is not a stable country. Katanga hasn't started to re-production as well. Because of Cobalt price shares rocked from 12 cents to 2.80 dollars within 1 year. RNX has the 8th biggest cobalt mine. They are located in Canada. Also it has 2nd biggest Nickel reserve.. Both are esential for electrical carr batteries. RNX produces in Canada which is very important.
Another important issue. Katange has 2 billion shares but RNX has just 341 million shares. I guess RNX can see 5 DOLLARS plus level within a few months.
I guess RNX is agood takeover candidate..
I am long.