re: 1st drilling results announced/katy Cc900,
Agree with you fully that the results provided are great.
With foresight this share will be brilliant provided:
1. Labor changes its policy on U mining or the liberals are voted in at the next state election.
2. The board doesn’t keep diluting the no. of shares on issue.
With regards to the first point. I can see this occurring in the not to distant future. But with regards to the board they can not be trusted anymore imo.The question I have is why weren’t the existing shareholders able to buy in or are we classified as dumb investors by the board.
Mate, if was one of the so called sophitcated investors to receive shares at 8c. The most sophisticated move I would make is to sell my holdings @ current prices for a nice ~15% increase and wait until the share price retreats to get back in. I reckon this might even drop to 7.5c short term.
Last of all I think there is better value elsewhere. I have shifted my money into ARU. I will keep an eye on RPT and the state political developments and if things do change I will be back but right I now I think the share is to diluted.
As per my previous email good luck. Please note this is just my opinion.
aussie joe
RPT
redport limited
