RDM 3.85% 12.5¢ red metal limited

Agreed, Trifke. August promises to be an exciting month for RDM,...

  1. 1,474 Posts.
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    Agreed, Trifke.

    August promises to be an exciting month for RDM, with drilling at Irindina and ongoing discussions surrounding Maronan.

    Have no idea of the parties involved in these discussions, however, hopefully one of the bigger players - South32, OZ Minerals, or Sandfire.

    Most on here have always assumed South32 (mill feed for Cannington suggestion), however, OZL are active in the area and are planning to drill their new Iris anomalies in Q3 - northeast and close to Maronan (ref: pg 21 - slide 44 of the OZL Second Quarter Report released on 22 July 16). They are sitting on $564 million in cash, so hopefully they have a look as well.
 
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