RCI rocklands richfield limited
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independent expert report by next week

  1. pinetree
    641 Posts.
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    05/05/11
    14:42
    Post #: 8358978
    A couple of points from the target statement

    - Independent expert report will be released by next week - 9 May.

    - RCI's three highly prospective coalfields in QLD. Each of the projects is known to contain large deposits of metallurgical coal suitable for steel-making. In total, coal resources are estimated to exceed 760 million tonnes.

    The bid of $0.25/share, values RCI just over AUD$100 million. It is likely the Independent expert report will say that the bid is far undervalued.
    RCI Price at posting: 28.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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