RLK 0.00% $1.80 rolek resources ltd

I sold my 1cent purchase at break-even but after recent...

  1. DSD
    15,757 Posts.
    I sold my 1cent purchase at break-even but after recent confirmation that benefication is a simple flotation process using the mill and other equipment already on site, then along with 17million tons of Mn from their barely explored tenement what remains is for some capital to get plant re-started. It can't be huge say 15-20million tops. Possibly half that amount. One can hire trucks to cart beneficated ore to railhead. Infrastructure in place is a huge advantage. But with only one million left in cash where will the 10-20million come from? AGO hold 53%. I doubt they will let the whole thing go esp as deposit had successful mine in the past. Plus Mn prices have risen slowly but steadily these past 12 months unlike almost every other commodity. Mines in RSA supply about 70% of world production. RSA far more unstable than Namibia. So lots going for SRR. June is tax loss selling month which helps those wanting to enter stk. But SRR remains a high speccie punt. I've risked $875 buying 125,000 shares. Anything can happen including AGO buying-out the remaining shares.... hopefully at 2cents or more. Incredible that Mr Mkt deems this proven deposit with a usable plant almost worthless.
 
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