Gold bug, one needs to think outside the box in one area.
Why did Dr Neesham exercise options?
He could have had that 2m plus cash earning interest till Nov next year.
Im inclined to think trigger as I had a call last week.
The more money in the bank today, the bigger the initial drill campaign will be.
Dr Neesham conversion automatically allows a 40% bigger campaign.
I estimate after today they will have around 8m in cash.
If they do DD 25,000m
DD 165 holes at 150m deep a hole roughly.
As one can see a big look see soon maybe on the cards.
Outside that
1. Mt sholl chips in the works. 2. Arrow drill results in the works. 3. Andover chips in the works. 4. Potential placement of 96m shares. 5. Ni Mt sholl met results in the works.
And that is all outside an external investor maybe taking a position.
Imagine if rinehart or min res suddenly appeared, shares most likely 10c plus on that alone.
RDN Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
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