RED 12.3% 32.0¢ red 5 limited

No I don't Matt. I was curious about that comment too. One may...

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    No I don't Matt. I was curious about that comment too. One may expect most of the historical U/G workings to be in the benches subject to the cut back though - so it might be an ongoing issue for a little while. I doubt the U/G was ever mapped.

    P.S. By disclosure, I don't have any involvement with this operation at all. Which unlike some other shows locally, is why I feel free to comment on this chat space. There are people about the place who are closer that say the odd thing or two. But I am only ever commenting on the basis of public information and my own speculation.

    stlamc - IMO, very good post with good perspective. It is always a case of "its gotta come good next quarter" though isn't it? Hopefully one day that quarter will come as a preview to ongoing success. Personally I'm not convinced that January will turn out too flash. But if they produce a quarter that shows a distinct turnaround mid-point it could be a real opportunity for those who read through it with a fine-toothed comb. Which is why I continue to follow.

    Four years ago local industry people were saying this show was going to be a piece of piss and money for jam.......... Instead it has been a textbook exercise in risk assessment and risk mitigation and an example for spending appropriately through feasibility and development. And none of that risk is political - which is what plagues nearly everyone else in the country.
 
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