Renewing an exploration licence in an area where neighbours have found massive Gold and Copper deposits was never going to be easy, (especially with the recent Chinese spend there.)
RDN's Serbian management have done well with their assets so far getting RIO's $40m involvement in 3 of their leases. There is no reason to believe they will not get a renewal. We should get the results of their recent drilling assays soon after notice of the renewal. Both events will give the sp a kick as will any ann. from RIO on the joint ventures.
Onwards and upwards in my opinion!
Exploration License Extension, page-3
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