What a week for us Randi holders. We certainly appreciated the news. Some newbies are sceptical; fair enough I suppose, but as I have said before, RNI is a complex beast. It's not just 1 DD at Forrest or something new at Cashmans. There is a lot more to RNI than them, although imo Forrest will be the lighting of the fuse to take the SP right up.
Now for the newbies, take heed of this:
1. Management does not, as a rule, advise when drilling has started or how it is progressing. For all we know, more drilling may have been/is being done at Forrest. I am pretty sure that the permitting won't take nearly as long as Onceover said. He is generalising and has no real specific knowledge about what the permitting is all about. so, be warned.
2. No results have been received about the Wodger drilling that was done some weeks back. Wodger is only 2.4 kms from Forrest. It could be related mineralisation. In the old days - go back only 18-24 months though - most drilling results were slotted into the next Quarterly, but only if any good. Otherwise, we never found out. That all changed though, and I think as the result of some HC agitation and also because of some tightening about reporting by the ASX. QARs are nearly always now just a rehash of previous Anns. So, the 2nd warning is that management may drop Wodger results on the market at any time - maybe even Monday morning pre-open. Reporting her now is generally pretty good.
3. The 3rd warning is that news could hit at any time about the long-awaited gold funding news. Newbies probably know little about that. They seem to be concentrating on the veracity of the Forrest reporting and the diversionary Cashmans Ann, which I think has received far too much attention here by the newbies. It is significant imo, but at this stage only in the context of the potential size and scale of the mineralising system. So, warning number 3 is to watch out there too. That will a big SP driver too. Testie posted this the other day:"... at least the funder should take a little more comfort after this weeks drill results." I think so too Testie.
Off to the races at "the Farm" now - Tinto! Oh yes, some more copper news in the Randi area. I overlooked that. We have copper shows at Horseshoe (not H Lights - a bit further south, the isolated island tenements). There is gold of course all around there too, but the copper show is in the adjoining ground acquired from Naracoota Res (NRR). It is at what NRR called Costean 12 - some halo effect or something like that. Interested parties may want to search NRR's website for that.
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