"I'm surprised this impacted on the SP to that extent to be honest. The pre raising registry was basically all Naracoota, and i would have thought 100% EV would be for this. I remember when I had my raising inspired rant a couple of weeks back about management needing to focus someone made the quite valid comment that Loongana might not be able to be deferred due to drilling contracts."
The sell off was not suprising as this reflects poorly on RHM management, they still plan to have a third crack at Loongana in December.
RHM Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
