Yes I agree very poor the lack of communication from RTR in relation to latest drilling.
They raised $1.5mill for ongoing drilling at either project if warranted and my feeling is that if they had found anything substantial that it would have been announced then paving the way for further a cash raising to pursue that discovery bearing in mind that cash in hand is not great for further exploration at Breaside, Barramine etc. They also have joint venture commitments for expenditure at Earaheery, Munarra and White Rose before they can withdraw from those Projects.
If Earaheddy, Munarra and White Rose do not warrant further exploration then things haven't gone according to plan for Brett Keillor as that will make 4 out of 4 dud JV's including Nemesis..mmmm!
My sentiment is changing from Buy to Hold/Sell
RTR Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
