Rockridge Resources Ltd V.ROCK

What explains this continuing decline in share price since

[ecanadian2]

the $2.3M private placement in March?
The placement was done at double the current share price and arguably they have been progressing as planned with their exploration.
So what gives?  Is drilling coming up with nothing?

[CaseProdemo]

The new drilling come up with better copper grades at the deposit but no new deposits so far. The current deposit is not big enough for a takeover. They need to go all in on new discovery exploration all over the huge land package. You are not going to find anything putting 6 holes in the existing depo.sit and only one hole to find something new. That is the problem. Unfortually they got plenty

[ecanadian2]

Thanks for your comment CaseP * funds may indeed be a big issue, especially given at the current share price any PP will be extremely dillutive