RHK 0.63% 80.5¢ red hawk mining limited

t/o, page-14

  1. PS
    2,885 Posts.
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    Dragging the chain! If my memory serves me right they were going to go into production 2013, 2014, 2015, recently 2016 now moved to 2017. Some may think that they would have difficulty organising a pxxs up in a brewery! One can only guess as to what is there real strategy. I suspect they really would like to be taken over but there is little incentive when they can keep earning big $$$$ from us shareholders. To think the SP is now far lower than when they initially thought they had found IO and had an initial exploration target of just 350mt! The current Board should be sacked in my opinion. I cannot imagine any TO company keeping them onboard. I would think they could hardly be attractive to anyone considering a JV also. I think it needs some proven performers to get the best value for SHs.

    So, why don't I sell? Simple, I am not going to give away shares that I believe are worth far more than the market will currently pay. All just my opinion. GLTA.
 
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