Anyone wanting an update on the plans for the above should email Tony; he let me know he expects to push out an update in a couple of weeks on the company's plans.
If I read between the lines, Richmond can't pay the court costs in cash and so will try and do a deal probably by reducing his stake in RB. He's proven elusive in the past so I wouldn't expect that to happen quickly.
From THX's perspective why would you increase the value of Red Bore by drilling when that would reduce your negotiating power re the court costs/stake in RB?
So don't hold your breath for something to happen there - but the ore in the ground isn't going anywhere. I've waited this long I can wait a few months longer.
After 3 years of nothing but bad we are getting lots of positive from THX. I reckon it's turn the corner.
red bore...
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Last
0.7¢ |
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Mkt cap ! $50.04M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 21 | 35823816 | 0.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 9590559 | 7 |
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| Last trade - 15.44pm 08/10/2024 (20 minute delay) ? |
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