i have seen 4 reports valuing rpt. the lowest valued rpt at 20 cents per share, the rest valued it around 25-27 cents per share
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vre tenaments will add a fair bit to maitlands uranium reserves
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heraklieon-which the company describes as a potential olympic dam- what is 18% of olympic dam worth?
in late march rpt announced drilling to commence at heraklieon which would take about a month to complete- may came waiting waiting, june came waiting waiting, july came still waiting waiting for drill results to be announced
possible world (1) the heraklieon results did'nt find any uranium - therefore rpt is still valued at double the mega offer + vre tenements + takeover premium
possible world (2) the heraklieon results were positive
(a) shareholders should email rpt directors and ask them if the hereklieon april drill results will be released before or after the mega takeover is completed
(b) shareholders should complain to asx and demand that timely disclosure be enforced re (a)
rpt states in announcement 29/03/06 that finding uranium at heraklieon would considerably increase the value of the company
mega hopes to complete the takeover in q3 o6. mega's takeover announcement released on the canadian stock exchange states that drilling will recomence at heraklion in q4 06 - (ie as soon as they have got their hands on rpt's assets) which in the absence of an announcement re heraklieon drill results, indicates pw2
have a good day folks
RPT
redport limited
i have seen 4 reports valuing rpt. the lowest valued rpt at 20...
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