re: miningnews article SHARES in PNG-focused explorer Resource Mining Corporation had jumped from 3c to 5c by midday trade today on the back of no news.
Today's increase follows a 54% rise on Tuesday that was lost almost as quickly.
The movements attracted a speeding ticket from the Australian Stock Exchange, to which the company replied it had no knowledge of any information that could explain the fluctuations.
Director Warwick Davies told PNGIndustryNews the most recent news was released in the chairman's address at the annual general meeting on November 30, in which the company announced it would start line clearing for ground penetrating radar work at the Wowo Gap project in PNG in January, with GPR work to start in February.
RMC recently announced the sheer size of the 120 million tonne Wowo Gap nickel development, combined with the soaring nickel price, have compelled the company to increase its focus on the project.
re: miningnews article SHARES in PNG-focused explorer Resource...
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