RIE 0.00% 0.2¢ riedel resources limited

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  1. 1,582 Posts.
    lightbulb Created with Sketch. 47
    Gassed....you are on the right track with share price. Once again I encourage those interested
    to look at the performance of Auric { AWJ} which has a perhaps similar toll mill operation here in Oz.
    There are similarities in production profile but with inferior grade .My point being the share
    price has jumped from around 3c to current 27c almost a "Disallowed" in tune with the current
    record gold price etc...

    Frankly, I would expect nothing less from RIE once production starts in line with projections.

    To me this is an adjusted 2c-4c stock as mentioned once production is established and gold price remains
    at current levels....

    Looking forward to Annual Report update which due soon.....

    Cheers
 
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