Hi Guys,
I've been watching this one for a while and once again I have been dissapointed with the announcement.... So much so that this is the first time I have posted on HotCopper.
I honestly believe this stock has great potential and I don't like to rubbish it but there a few points to be raised...
andrewe, you are 100% correct about the stigma surounding management on this company, the MD in particular. A change here would see a change in direction for the company I feel.
they can't process the sulphide ore because they don't have a mill at the plant, leaving them with the oxide as the only immediate cash source (apart from flogging any other leases they might have floating around the joint).
The fiji asset is barely an asset and they have waisted a bucket load money they could have used on the redbank project. It doesn't matter what grade it runs, if you can't mine it what is the point.
My thoughts anyway, feel free to shoot me down.
RBM
redbank mines limited
