Hi all. Hasn't been much communication re RDR lately, so thought I would start another thread. Researching to come to an investment decision.
Positives:
- mix of commodities, diversification
- the gold, V and Lithium projects all large scale
- near production for Lithium
- good partner (Min Resources) for the Lithium project
- good level of cash
- share price near lows
Negatives
- Reeds seem to have some question over their ability to get into production, rather than just do deals
- Meekatharra is an old mine, others have lost money there, previous mining issues. Potential to suck up huge amounts of cash before any production. Hate to see it become another Bronzewing! (see NAV)
- the V project seems to go on forever, with no decision
Comments? Not sure what I have missed.
DYOR!
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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15 | 532556 | 0.100 |
1 | 100000 | 0.098 |
1 | 50000 | 0.097 |
1 | 50000 | 0.096 |
Price($) | Vol. | No. |
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0.110 | 154116 | 1 |
0.115 | 80000 | 1 |
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