RLC 0.00% 0.2¢ reedy lagoon corporation limited

Hi Kevyx. Great post, thank you. I know you mention it but it...

  1. 286 Posts.
    lightbulb Created with Sketch. 84
    Hi Kevyx.

    Great post, thank you.

    I know you mention it but it think it warrants extra attention, your market cap comparison undervalues RLC because it just compares us to other Lithium plays based on MC vs stage of project progression.

    Where RLC is so much more superior than many other plays due to our low level of impurities, particularly Magnesium is where we deserve a superior valuation.

    Also there has been very little discussion here around what the official valuation of these assets were prior to their purchase. We bought them for a steel in my opinion and pretty close to the independent valuation we obtained. However once we prove up the asset, that value will be blown sky high.

    My self and a colleague were a good chunk of yesterday’s buying volume. I am kicking I didn’t take his advice and buy in last week. But as you say, once we hit 10c which I am certain we will see in the next 2 weeks that entrance price won’t matter.

    Take care.

    10x
 
watchlist Created with Sketch. Add RLC (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $1.858M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
12 9462003 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 7026429 8
View Market Depth
Last trade - 11.40am 04/12/2024 (20 minute delay) ?
RLC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.