RDS 25.0% 0.5¢ redstone resources limited

RDS chart, page-106

  1. 1,508 Posts.
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    chairman has invested into the (millions) so I'm told. Well connected insiders (Canada). management run on an oily rag. The issue with the stock price is the ability to secure a suitable rig and crew to complete the 5000+M of planned drilling at EM5 (previous drilling 95M @ .006%Cu sulphides) Unfortunately the majors have vaccuumed up all the drilling resources in WA and are holding onto them (exploration boom) so to compete with them is near impossible. Richard and Co are no dummies, they have the right prospective ground and a plan going forward but because of these delays with the deeper 250M RC rig and personal unavailable we have lost the momentum. and hence the current cheap MC. traders have flogged this one from 1c to 2c multiple times this year its frustrating but, the grade is talking and imo its a solid hold for me. Hopefully a rig secured December January to complete the program. Results from hand helds maybe end of Jan (long lead time at labs everywhere) patience required here, T10 holder I'm confident this will repay loyal SHs GLAH
 
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Mkt cap ! $4.627M
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0.4¢ 0.5¢ 0.4¢ $12.19K 3.002M

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16 9046404 0.3¢
 

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Price($) Vol. No.
0.5¢ 6516270 6
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RDS (ASX) Chart
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