RICHIE6622 Feb 2017 08:38
Folks - ignore Richie66 who imo has his own agenda. He had a bash at Finn Aust last October when he revealed that there would be a placing and alleged that there were problems with the placing which allegation, as the market knows, turned out to be incorrect and it was oversubscribed at 7 pence (the offer for the stock was over 9 pence at one point yesterday}.
The market knows that there is a JORC resource due; there have been comments in RNSs that there is some high grade ilmenite within the sands which are in place over 50 miles of beaches and shallows. It may prove to be one of the world's best sources of ilmenite if not the best.
I am taking no notice of his attempts to downplay the company, the board and the share price and I have been adding to my investment since the December placing.