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35,472 Posts.

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23/11/16

09:38

Post #: 20811224
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Originally posted by ArthurDent ↑

Sector - bit of delayed response re RDG.

I had a look into it in July when it was mentioned by ndpjai on the BT. Was scared off by Note 14 in the 2015 annual report and didn't bother keeping an eye on it. Turns out they did the right thing and paid the loans back as disclosed in the preliminary 2016 report, after this point it represented good value to me based on cash and plant (under say sp of 2.5c)... all they need to do is win some work to replace the Roy Hill contract. For what it's worth I don't currently hold RDG but still have a toe in some other mining services companies.

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Thanks AD, nice to get a bit of feedback. RDG up 25% now on increased volume. An update on the mining contracts or an acquisition would be a bonus right now. But was very cheap in 2s.
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