re: Ann: LD Potash Project - Additional Drill...
Anyone read the Q activities from RUM?
Tjamu Tjamu and CDNTS have signed an exploration agreement with RUM to drill Lake Mackay. I note RUM are suggesting that their tenements are more prospective than the rest of the lake (RWD tenements). Also the Chinese mob have been asked to provide feasibility data on 100, 150 & 200ktpa operations at K Lakes.
With respect to RWD, 60 cents looks to be the nut to crack. Sellers seem to be happy to take some profit at this level. Having said that there was clearly some insider buying at 60 before the trading halt. I'm still of the view that this will move to 90 when it makes its next leg up.
RWD Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held
