Shit, just when you reckon you have seen the worst of this stock, out comes another shocker.
Someone has a shit load to sell and looks under a bit of pressure.
Could take a fair while if its RAB, like 2 months or so. Can you imagine 75M shares flooding the market on top of the 50M from Chimerea? (assuming it is RAB)
What possessed the M brothers to choose RCH, an absolute bucket of crap, to back door this project into is beyond me? These blokes are suppose to be hot shot corporate engineers. My nanna could have done a better job that this disgrace. You could spend 5 years searching the world for the worst vehicle to back door a project in and you would be hard pressed to find a worse pile of cow dung than RCH.
The M brothers have taken out the premiership for world worst back door listing. They must also be close to pulling off the award for taking the longest period possible for taking the deal to shareholders for approval. (originally flagged to occur in Jan 08 and here we are going into Oct 08 and they are still trying to get their shit sorted for the meeting).
Correct me if I'm wrong but the market cap of this bucket of crap called Richfield is no higher with the project than it was without it. Go figure that out?
A miracle will be required from here chaps, we are deep in the poo. Lets hope the drill results give us positive relief from the pain inflicted upon us to date.
RCH Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
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