I had the initial same thoughts on Allamber but some counter arguments from some posters here swayed me to thinking they should have a really good crack at red bore first - particularly given the cash being splashed around by investors keen to get into Doolgunna region.
They've proven there is very good potential there and I don't think you get those type of concentrations very often (i.e. 17m at 11%).
I think that if they sink a few holes and come up with anything even remotely near the results from 3-4 years ago they will have deep-pocketed suitors lining up to get involved and a resultant recognition of the value of RB which I don't feel is priced into the current SP.
Good to see alot of sellers have pulled out - we might actually see a bit of momentum build into the SP over coming weeks in anticipation of a drilling announcement, especially if the nasty small trade seller(s) have gone away.
Good to luck to all.
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- red bore all go now with $'s & court win
I had the initial same thoughts on Allamber but some counter...
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