Ann: RDN Commencement of Rio Tinto Joint Venture, page-35

Just gotta be patient we know that there on the field + doing some work with the historical results which should be released shortly....

Too much relying on RIO when there min spend for the first 12 months is tiny so im assuming with the long time frame drawn out with this $40m deal alot would of exited ... Would of been better to see a shorter time frame with higher spend.....

The word RIO was used by traders and pumpers to exit simple and it proves this as
First ann -went to 4.7c on maybe
2nd Ann -went to 2.5c on confirmation....

Tax selling and investors leaving is not helping any spec atm but that should slow up early june +RDN should have some updates very soon ..... All about timing and i reckon those buying in may/june should see a decent return when volumes return....

RDN has cash +excellent ground now its up to them to prove it up until then the games to suck out punters will continue ...


TS