RGX red gum resources limited

worth a watch...

  1. 15,276 Posts.
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    La Negra results due...

    I have picked up a relatively modest position in this over the last three trading sessions...I do not wanting to be sitting on too many to the lack of liquidity.

    The Company has all but told the market they have hit something significant at La Negra...and if results from the sulphides intersected in all 5 diamond holes are anything like the rock-chips sample results from surface, they are on to a major discovery.

    I suggest people do some basic DD on current activity...current drilling...historic exploration...and reflect on when results were initially intended to be released compared to their revised timelines and what this may mean?

    Look to the comments along the way in ASX announcements, and recent ASX communications including today's quick "presentation" and the timing thereof.

    Those who have been around the markets a while may well pick up what I am sensing here.

    Results due "imminently"...according to the Company...a degree of confidence in their correspondence in this regard, meaning they are setting themselves up for a fall if their "excitement" has been misplaced.

    I don't think they would do that.

    This stock is not on the radar of HC yet...I wonder if that will change by this time next week?

    Cheers!
 
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