Thanks ramsey, definatelty it was the uranium and hollomans 60,000,000 share holdings, that got me interested. An fairly tightly held shares for an exploring junior also attracted me to RMG. The Irony is, its looking like the mt Coffin resource that will end up putting RMG on the map first.(Hopefully with a Chinese twist to it)
As far as the performance shares, I sure as anything hope its achievable, as that would mean that they are sitting on a minimum of 3,500 tonnes of uranium for a resource.
JR has already said that the funds will hold out by the years end, and he expects to have discovered a resource with commercial potential and to have struck a joint venture to develop a producing mine.
I think its great he is talking about becoming a producer, as most junior explorers once a resource is found usually sell up and move on to the next project.
Always upbeat, we just need a little confidence to come back into the market, than the juniors will follow after that.
RMG Price at posting:
0.7¢ Sentiment: None Disclosure: Held
