There are an awful lot of games being played with the number of "substantial holder / holding" notices.
Despite the possibility of a take over, I can't bring myself to invest any more money.
I'd rather not make money, than lose money, and I have concerns that gold could head towards $1,700 (currently $1,742), before it goes up.
AUDUSD is the saving grace at the moment, but fuel is one of our largest costs, and that is effectively pegged to USD.
At what point would I get really interested in investing?
$1 or news of an acquisition (preferably of OBM for the tax credit - I know I keep going on about it, but it is the best way I can see to unlock immediate value and revenues for the business, as well as a good strategic landholding and an operating mine with an experienced CEO who would definitely add depth to RRL).
McPs, I feel, is more of a liability than an asset at the moment. Who knows what it would cost to build the mine, but at least the price of steel has come down a bit (I was highlighted as a major contributing factor in a possible blow out for costs of the pending DFS - which hasn't formally been released).
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