Tokyo, i agree it would be positive to have Stanley increase his...

Tokyo, i agree it would be positive to have Stanley increase his holding or become involved, but actually i think that some of those issues are now behind the company with regard to achieving those outstanding issues.

I think that this statement today confirms the project and the company is close to some big announcements, by the comments:
"Statutory technical feasibility documentation will be lodged shortly with the Mines and Geosciences Bureau..."

and "Preparation of ensuing mandatory documentation is in hand, including the formal Social Development and Management Program (SDMP), Environmental Protection and Enhancement Program (EPEP) and Final Mine
Rehabilitation and Decommissioning Plan (FMRDP), with lodgment expected at the end of May 2009."

and "The Board will complete its risk and gap analysis review of the Bankable Feasibility Study shortly, with the focus then moving to project funding."

I think the real action is yet to come in RED in the next couple of weeks, and as a bonus RED5 is presenting at the Sydney Resources Roundup, on May 13, and this should alert people to the current state of play with things.

I believe May is going to be the big month for RED5 re-rating!
Its gonna be WHITE hot...