RE:RE:RE:RE:RE:GFG : Exploration Results are encouraging Buyhigheatchips wrote: Maybe she wants two warrants for every share. Put in a big bid for 16 cents and see : )
ARIMA11 wrote: Funny. Did my part again this am for the common good. It seems that even those who can sell the stocks to get warrants are not even interested in putting on the ask for 0.08 cents. Geesh!
Anyways, raised the bid just to test and 70% of it has gone into an alternate exchange. Hilarious.
https://ceo.ca/rrs?23dc75e488ce So total trade for today is .... mostly one person. :)
Ha. Fortunately/Unfortunately technically can't do that! :) - In fairness to RRS spoke to Sean. Here's what was understood. RRS is looking at non-dilutive way to fund the Nickel project.
However, RRS likes the Stone business and also looking at getting more quarry to scale up.
As mentioned on the call, RRS wants to restructure the expensive debt first.
The approach is sound and RRS wants to run a real business.
You know the kind with some sort of positive bottom line! :)
Issue is that RRS is on the venture and the typical investors here are not necessiraly interested in investing in landscape stone. The irony is if it can be a good business, why not?
Also, venture investor tend to be more interested in exploration for the most part.
Came here for the Silica, not sure if would have been interested in landscape Stone. Also investors take risk because of the potential reward on exploration or the scale. No exploration, no scaling, why take the risk? There's lots of other options out there.
Be as it may, whether RRS decides to go with scaling Stone and/or Nickel exploration, once it has exhausted the non-dilutive avenues of raising funds, it should make use of the fact that it is a public company trading on the venture exchange. The point in being here is to able to leverage and access capital from the market. Otherwise, why bother? Perhaps best go private.
The float is tight and no one wants to really sell or buy any shares. Not sure that its completely the way to go. Again, very little liquidity going on here. Business takes time to develop, its understood. However, at some point a bit of leverage to scale or explore make sense.
Not sure how any growing business gets around that.