I too, hope you're right guys but let's remember one swallow doesn't make a summer. There could be a lot of reasons why the drilling is difficult and whilst encountering an orebody might be one of them it might not be the only one. But gold/base metal orebodies are often tricky to drill due to the nature of the host rocks.
The drilling should be paid on a metre rate Budor, not a day rate, with time taken to clean the hole, go up and down for bit changes, retrieving core, etc all chargeable as worktime to the client, Red Metal.
Although these guys aren't one trick ponies I fear the market will react savagely and a drop off in shareprice will be seen if we don't see the goods in this hole, despite it still being a very encouraging prospect. Hopefully there are plenty of believers out there like us who are confident in management and the fact that the geologist director has plenty of skin in the game on market. I always like to see that sort of confidence by a director.
- Forums
- ASX - By Stock
- RDM
- difficult drilling
difficult drilling, page-3
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RDM (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $32.96M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 11.0¢ | $27.02K | 245.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 324530 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 19146 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 324530 | 0.105 |
13 | 728514 | 0.100 |
1 | 100000 | 0.099 |
1 | 10000 | 0.098 |
1 | 100000 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 19146 | 1 |
0.115 | 255905 | 3 |
0.120 | 145200 | 2 |
0.125 | 41666 | 1 |
0.130 | 101284 | 2 |
Last trade - 15.49pm 04/10/2024 (20 minute delay) ? |
Featured News
RDM (ASX) Chart |