david reed's unwavering commitment agm speach , page-2

Why is it that Minepower who are the contractor at Meeka for Reed have announced that they have secured a $74 million dollar 2 year contract with Reed and RDR havent disclosed this info to the market.Simple answer is the size of the Minepower contract is nearly as big as RDRs market cap and enough to sink this minnow if things dont go well.

Good to see that they have secured a $19 MILLION dollar facility with a lender which will be drawn down immediately for working capital.You can bet your bottom dollar that the lender has security over the plant and tenements in case the project falls over.Shareholders who loose capital will be given the David Reed treatment.

Dont be too disappointed if you have lost money in Reed Resources the Chairman is also putting punters into slow racehorses such as Passages whom he bred and sold off at an auction to raise money for a charity.The horse ran near last at its first start.