RCH richfield group limited

yesterdays dumping

  1. 1,057 Posts.

    I'm starting entertain an alternative explanation of that dumping.

    It seems to have been timed when Moly Metals announced it would delay going to the bond market until the second half of 2008. Someone may have dumped RCH is response.

    As RCH is a junior along way from needed capex funding, it would seem to be illogical dumping.

    I here they are going to raise $10M at RCH but I haven't heared any talk of a share issue.

    A JV may still be the outcome most likely to emerge.

    In any case, what happens at Moly Metals bares no relation to RCH.

 
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