BIG burrendong minerals limited - withdrawn

rau's new material, page-10

Currently unlisted. Proposed listing date: WITHDRAWN
  1. 8,259 Posts.
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    "What I can see from market action is the reality and yes so far the reality is most people don't buy the story and not many people are putting their money on RAU....."

    I think that is being a bit negative about RAU OpTrader.

    After all, at the moment when I have a look at a number of junior oilers and miners on the ASX none of them are looking that flash. They are mainly down on what has been their normal share price level a few months ago.

    I have been following a junior oiler, GGP. Despite the fact that it is about to start commercial production from what could be a very significant find, and despite the fact that GGP is going to be either drilling or involved in drilling a further 6 wells over the next six months, the share price has dropped to silly levels.

    So the fact that RAU, despite the many positive announcements in recent weeks, has remained in the doldrums seems to be par for the course of many exploration companies at the moment.

    People are waiting. In their present frame of mind I think they would wait until the first 1,000 ounces of gold had been poured before they believed the story.
    Of course, I think they will have a change in that present frame of mind sometime in the next few months. So then they will be prepared to move long before the first 1000 ounces is poured.

    Yes the BFS will certainly help bring that change. Despite CT's dire predictions I think all the indications are that the case for mining Amayapampa and making a good profit from the undertaking will be overwhelming (IMHO I hasten to emphasise).

    If some of the negative sentiment locally and globally can be lessened over the next few months then this period of doom and gloom will be but a nasty distant nightmare that we will want to forget.
 
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Currently unlisted public company.

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