The company needs to tell the market the amount of ounces being produced at Meekatharra and why on the day of its all time share price low they are issuing shares on a performance rights plan to employees.
I would doubt that RDR is in a position to conduct any exploration drilling at the moment which is crucial to extending the current two year mine life.
With a 19 million dollar debt and a top heavy team of key management personnel that are overseeing the worst performance ever for the company is it little surprise to see the share price at 13c.
I would expect further falls in the shareprice as another capital raising draws closer.
NMT Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
