"And an old mining carcass is being given a new lease of life. Red River Mining ceased being such in 1989 and then went through various telecommunications phases.
Now its most recent identity, the shell of Wintech Group, has been used to backdoor list Direct Nickel (DIR), which has not only a nickel project in Papua New Guinea but what it claims is a revolutionary process for extracting nickel from laterite ores.
It has Canadian giant Teck as a partner and during the week tied up another $5m from a venture capital fund."
DIR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held