I would say a quick placement to raise funds for the drill campaign only. I am not sure that is a negative in the long run but agree that the market hates the uncertainty. Juniors raise capital, its part of the game. At mc of just over 10m (undiluted) its not going to have a massive impact.
I was not that impressed with the cost of drilling in the last Greenland campaign - mgt raised $1.8m, have $0.5m left, so spent $1.3m for 3.5 drill holes and a metallurgical report. All prep for the JORC and the hurricane was force majeure but still. Cap raising was at 1.7cps so think it is obvious who has been selling. They will probably get to load up again at 2cps(IMO, DYOR). Lol.
To me RMR is a hold and i disagree that it will only run once Motzfeld drill results come through. Rare earths/nobium/tantalum pricing tension remains and the China/US strategic asset story will keep knocking around this year.
Timing these things is a mugs game. Nothing wrong with holding off as a newby though as it is in a downtrend for now and most will wait until it is post cap raising. One for the holders or contrarians at the moment. IMO, DYOR.
RMR Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
