"..However if they go over 19.9% holding they have to launch a T/O - and that would be very interesting. IMO they don't need to do that to get feed, but maybe swallow up one of our smaller on trend neighbours, or two..."
I saw your this comment of yours JandJ on the DLI thread and found it very interesting, with MIN taking up more and more of a position on Delta it shifts as you highlighted the potential from Delta taking over RR1 to MIN.
Would be strategic of Delta to take a position in RR1 for potentially added leverage over MIN in the region, but I suspect they or any other of the larger parties including Hancock, will wait and see what this upcoming drilling shows.
RR10 options breakout to 0.007 (strike price of 1c) giving exercise value of 1.7c so the heads are now lagging behind which is unusual but bullish, should see that difference closed with the share price moving to 1.7c at least.
RR1 Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
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