RDG resource development group limited

Received a photo last week taken from the highway at Australian...

  1. 42 Posts.
    lightbulb Created with Sketch. 28
    Received a photo last week taken from the highway at Australian Garnet of 7 wind turbines which have now been installed.
    Given the price of Diesel currently ,if this is commissioned shortly,this should have a real impact in reducing operating costs and maybe even pick up carbon credits for "green power"

    If anyone has been to Kalbarri ,pretty much all year round it is windy so it will be interesting to see how much diesel per day it will be saving.
    My guess it will be in the millions per year and will probably have a payback of less than 2 years.
    Potentially 80 plus percent of power needs ?

    Either way ...this will have long term benefits to the company.

    Something you would think the company would like to promote.
    Hopefully we will see some effort to update share holders more frequently ,other than annual results and AGM.

    Company has 90 million of debt, so it would be in the best interests of all share holders ,Mineral resources included,for management to promote all the positives the company is doing using share holders funds,earnings and debt facility to get share price to where it try truely reflects the value of the company.At least 8 to 10 cents is my guess.

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $23.60M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $8.202K 1.034M

Buyers (Bids)

No. Vol. Price($)
3 210666 0.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 67500 1
View Market Depth
Last trade - 13.09pm 25/07/2025 (20 minute delay) ?
RDG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.