RDM 9.26% 14.8¢ red metal limited

All these drilling programs were under planning/underway prior...

  1. 261 Posts.
    lightbulb Created with Sketch. 180
    All these drilling programs were under planning/underway prior to the Sybella find. I don't think RDM "needs" anything now, they have a new Maronan to focus on. When you don't have something worth developing, it makes sense to throw hail mary holes down at nearology plays and blue sky targets. Now we have it, and so it makes no sense to spend the money drilling these targets going forward. Even with government grants they still have to pay a lot on top per hole due to the depth, location, all the permitting and land access, geo time to define the target etc. These one off holes are very expensive.

    Be a nice suprise if they hit something here, but if they don't that is completely fine by me.

    Let's get the geologists turning their focus to follow up drilling at Sybella (even though it's geologically bland) and let's do that ASAP.
 
watchlist Created with Sketch. Add RDM (ASX) to my watchlist
(20min delay)
Last
14.8¢
Change
0.013(9.26%)
Mkt cap ! $44.17M
Open High Low Value Volume
14.0¢ 15.0¢ 14.0¢ $11.36K 77.86K

Buyers (Bids)

No. Vol. Price($)
1 30000 14.5¢
 

Sellers (Offers)

Price($) Vol. No.
15.0¢ 107037 2
View Market Depth
Last trade - 15.51pm 19/06/2024 (20 minute delay) ?
RDM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.