RTM reefton mining nl

interesting

  1. M1
    493 Posts.
    interesting situation developing with Reefton. Whilst the company is out chasing decision from MME why hasn't the support price fallen to 2c. Copped a battering on the unexpected announcement which was understandable but there have been some heavy trades since then and price has held up at 5c (so far). The London play has been even more interesting. Something going on??? well it is conievable that RTM will end up walking away from the current U-project in Namibia but at the same time it is not unreasonable to speculate that the company will lodge amended application which will be approved by MME - time will tell. In any case they have indicated that they would consider chasing other U plays in Namibia and Australia.
 
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Currently unlisted public company.

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