Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Significant stuff then!
RE spot gravelling ( Filling pot holes with gravel ) gravel is loose I.e very little bondage , on a dirt track with rain and traffic ,the holes will reappear rather quickly in my experience .
ps and what is spot gravelling?
Current plans sent to the MRA include a revised ground penetrating radar ("GPR") work programme, estimated to complete in the second half of 2019. To date, track and road clearing to support this effort has been largely completed with some bank cutting remaining. Spot gravelling and stump removal is scheduled for later this summer utilising heavier earth moving and bulldozer equipment. The two existing exploration camps have been put in good order and additional telecoms equipment is being installed.
GPR walking is now, subject to JV funding, scheduled to start by September"
I get what you are saying , its mid Nov. now and they are skint so it's reasonable and highly probable this work hasn't taken place .The RNS was nearly all " hot air" cos lets face it why would you want to remove all the tree stumps after you've cut them down, when you are in a middle of a jungle from goodness sake ?
Hi Booboo, it's good they are aware.
In my opinion they would be crazy to hand debt ridden RGM money because it's clear to most PI's that RGM are a joke outfit and their main aim is to somehow keep their wages coming in. And after all these years of non activity, it's clear RGM management aren't really serious about Mambare instead they only dredge up it's name when they've lost fortunes and come to the end of the line with their recent disastrous investments. So even for RGM JV partners it's a definite steer clear!
H5O
RGM can not be shelled into simply because it comes with huge debts,please don't kid yourself that it can .
PJ left Rudyard Kipling style long ago .
Zumore as you would expect our Mambare JV partner reads this board daily and has done for many years ,a wise move which has aided him into having a very good insight into Andrew Bell and Scott Kaintz personalities .
Remember its not just shareholders that get lied to.
you can see the company were once again lying, trying to sucker honest PI's in over RGMs dead Mambare asset. I believe it's 8 or 9 years since anything was done at Mambare. I also believe the Papua new guinea long rainy season kicks in around November/December and lasts until around April, so if no Mambare exploration soon takes place then there is no chance of it happening for many many months.
Here's is what was said in the RGM 24th July Strategic review rns:
"Currently, the ONL JV awaits renewal of its exploration licences for Mambare, having recently renewed for the prior two-year period June 2017 to June 2019, only in Q2 2019. A work programme was put forward for the 2019-20 programme to the Mineral Resources Authority ("MRA") in Papua New Guinea.
Current plans sent to the MRA include a revised ground penetrating radar ("GPR") work programme, estimated to complete in the second half of 2019. To date, track and road clearing to support this effort has been largely completed with some bank cutting remaining. Spot gravelling and stump removal is scheduled for later this summer utilising heavier earth moving and bulldozer equipment. The two existing exploration camps have been put in good order and additional telecoms equipment is being installed.
GPR walking is now, subject to JV funding, scheduled to start by September"
............................
Considering this company has huge debts, garbage assets and woeful management, then no matter how low this share price goes it is still not enticing. So a definite steer clear company.