RHK 0.63% 80.5¢ red hawk mining limited

reported short sales, page-72

  1. 24,192 Posts.
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    "...This dialogue has centered on access to rail and port infrastructure as well as the provision of project funding and offtake contracts. Continuing discussions with third partieshave now advanced to the due diligence phase ..."

    Well this is the key comment... I would suggest project funding (ie working capital) is the immediate concern.

    I think the only way forward is a merger or takeover to attain critical mass of resource and thus bargaining power for Rail.

    Possible merger candidates:-

    Old BRM
    AGO,
    FMG,
    WFE/CAZ,
    IOH,
    BCI

    Who know maybe old CP may take an interest

    Also from memory given the western FMG tenements are most ex Flinders we should be due some royalty from FMG on production from them.






 
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