Rmg will be giving us a much clearer idea as to the direction they are heading, with the next quarterly report imo.
After speaking with JR, I am of the opinion that native titles are through and they have already started drilling at Mt Coffin, and also believe that they are sitting on a resource there. Promising signs seem to be emerging from QLD as well. Just my opinion of course as JR could not reveal anything price sensitive to me. But apart from the overall sector taking a thumping, he was very upbeat about their projects.
Having your own drilling rigs is a huge plus in this market, not to mention cost savings.
Cheers NK
RMG Price at posting:
1.0¢ Sentiment: None Disclosure: Held