Checking out old ground has been a basic and successful enough...

Checking out old ground has been a basic and successful enough strategy for many companies in recent years. It won't work every time but the odds are reasonable enough for people to put time and money into checking out former producing ground and their surrounds.

As RMG management have had the Mt Coffin results for some time, you would hope this suggests the results are at least quite good (and hopefully better than that).

Why would you bother transitioning RMG to being a resource company if the results were lousy? The guys running it have their irons in plenty of other fires, and if the results are poor they'd let it die.

A cynic might suggest they can drag it out with average results and maintain a flow of directors income. Do this in enough tin-pot outfits and it no doubt adds up to a reasonable income. This is true enough but it is more likely that management sees some genuine potential here.

We've talked a bit on different threads about them taking a long time to release results. I'm not so sure it has been all that long. With the GFC and it being better to have RMG listed as a resource company, why would you hurry?

RMG is well worth the punt. Roll on the results!