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Bullboard - Stock Discussion Forum Resolute Resources Ltd V.RRL.H

Energy Oil & Gas E&P
Resolute Resources Ltd. is a Canada-based company. The Company is focused on identifying and evaluating suitable assets or businesses to acquire or merge with, with a view to maximizing value for shareholders. It does not have any commercial operations and has no assets.

TSXV:RRL.H - Post Discussion

Resolute Resources Ltd > lol news is out...they will need more money in the near term
View:
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.
Resolute Resources Ltd
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