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I think this may be different Leddah due to Greenwoods mass buying spree..
I find it highly unlikely he threw £500k plus as a cheeky bet.
I kept in 1/3 of my holding, here's hoping for a great increase once complete.
Thanks Mark. Much appreciated.
I honestly really hope all turns out well here and that you sll make loads of money however I do wonder if 6 months down the line you will be where I am with the likes of BOU, LION etc etc. I always worry with this type of suspension where nothing is firmed up in advance. Honestly hope I am wrong.
In a nutshell RLD are negotiating a purchase to get the mining rights to a gold mine. Once and if this has been done the share will unfreeze and the company will more than likely perform a rights issue, to raise more money to fund the exploration. So the gold mine is RLD getting the shareholders to give them more money in the hope they might hit it lucky and find the yellow metal. If not it's the same story as "Capricorn Sapphire".
Can someone explain how this is good news. I’m holding 500,000 shares since around one year ago. Cost me around £1800. What effect will this have on the shares price. I don’t really understand what is happening. I’ll appreciate it if someone can explain to me. Many thanks and best of luck to all.
With the info available, realistic new s.p would be.....?
That’s ok, I’ve been called worse things
Hi Skint, posted about this a while back. Articles 14-16 basically have the same effect that if Greenwood went over 30% he’d have to make an offer for the company but with the BOD’s blessing effectively.
Good luck guys just looked in to compare here with what’s going on with mtfb. Fingers crossed for you all (and us )
Oceana Gold is ticker OGC on Toronto exchange and has a latest stock price of CAD 3.16. I'm sure Richland would re-list at something of a premium to our closing price, but nothing approaching this. I can dream of a successful mining operation doing this though. Also, Haile mine shows this production and reserves, so the area seems a positive prosepct:
Type Open pit operation
2018 production 131,819 oz gold
2019 production guidance 145,000 – 160,000 oz gold
Measured & Indicated Resources 3.1 Moz gold
Inferred Resources 0.7 Moz gold
Estimated Mine Life 2033+
Good luck everyone.
OGC operates the Haile Mine and their site says this:
Our Haile Gold Mine is an open pit gold mine, located along the eastern coast of the United States in the state of South Carolina. The historic site dates back to 1827, making it one of the first operating gold mines in the United States. The site has been in production on and off for nearly 200 years.
Today, the Haile Gold Mine employs more than 600 people within the region and has a positive economic impact of $87 million USD per year in Lancaster County alone, and is considered the largest gold mining operation on the eastern coast of the United States. In January 2017, OceanaGold celebrated the first modern-day gold pour at Haile and have since announced a 2019 production guidance of 145,000 to 160,000 oz gold. With the use of modern mining technology, exploration at Haile has revealed additional ore deposits below the open pit areas, hence we are pursuing an expansion from open pit mining to underground mining.
Would be nice if Richland could mine like this.
Well done every one who bought in or stayed the course. I've been a holder since 2009 when I bought at 17p and 15p - yes, really. It was Tanzanite One then, before the Tanzanian government and illegal miners squashed us. Been dying the death of a 1000 cuts since then, even after the 3.4p raise. Much more recently have since topped up at 0.11, 0.14 and 0.38. Slightly concerned the target is exploration projects rather than an operative mine, but positive news for sure, and in a safer part of the world. Great news for all holders!
Cheers again Munch
I’m going to google earth it after work today
Munchlet, thanks very much for all you comments about this share.
As you might recall I sold up for a small profit the other week But I bought back this week and currently holding 773000 very happy
cheers
Jim
I guess. Placement of new shares to fund a drilling exploration program, one would assume... Depending on how much info is already available. Prove up reserves.. Sell, put money in pocket...
Yes. The mine that was bought by Oceana, Haile, is bang slap in the middle of the area where the prospects are... We assume, without seeing a map..
Sounds like an exciting prospect !
Any thoughts on how things work form here ?
GLA
This is fantastic news so far well done all long term holders who kept the faith that our 50 million tax loss, our board and fellow investors had some value and to me enough of the jigsaw is there to see the final picture great news
Does the reference to Oceana mean anything?
Ahh yes, they tried so hard to push it down yesterday and they failed. They will now pay the price for their arrogance... The announcement says it all. I reckon its all over bar the signing. Nomad wouldn't let them say what they said without the announcement being credible... Let's make some hay while the sun shines, and some££££££ too. Amy sellers put there? I'm an off market buyer still..
It really is, weep MMs, you are about to lose your shirts...
Hi Angel Marbles, thank you for the information r.e.Bermuda
BW
Well done guys
Woohoo. Suspended
Is happening!