MRD 0.00% 0.1¢ mount ridley mines limited

Ann: Drilling Resumes at Mt Ridley REE Project, page-57

  1. 265 Posts.
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    I lost a bit of faith in MRD due to their lower grades & sold some of my shares a few months ago, but the 'Highest Grades to Date' announcement had me buying them back again - they are definitely onto something with that announcement, and the management seem genuinely excited when I emailed them - 'Very promising'.

    MRD are a very small company so are working at a slowish pace and don't have time to fart around pulling everyone's strings with elaborate announcements every month or so. I suspect when they establish a healthy JORC there will be very nice offers from the big boys - that's when the share price will rise. Last I heard they were expecting to define their resource by the end of the year.
 
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