Yep... RMS going out there with their bank account and finding...

Yep... RMS going out there with their bank account and finding good projects to acquire. They need it to bring back some confidence from the shareholders. Seems like their silence about Edna May is enough to scuttle shareholders about their short term ability to maintain or increase their production.

$13m for 151koz of reserves. That looks like a good acquisition. Now we have to see how much more they need to spend to get this to start producing. And we also will want to see how many years of mining life they can get out of the Marda gold project. Judging from the past acquisitions of Kathleen Valley and Vivien, I do think they deserve some kudos. However, extending mining life, they will have a bit of work to do.

All in all, I am pretty positive about what the Board and management have done in the last fortnight. Keep it up. I am still holding and may keep an eye on how the market responds about this move.