I emailed RHM with a few of my concerns about tardiness, and lack of timelines etc..... I did so relatively curteously I thought and have since received a reply - I'm not going to give the emailed reply in full but just note a few points.....
according to Mike Higginson Company Secretary.....
"You mentioned that 'we were going to publish the Preliminary Feasibility Report by now' I am not aware Richmond has made such a statement." (Maybe I was wrong about this but I did read in a newspaper article....)
"On the reporting front..... we do not consider our detailed and informative statements constitute waffle." LOL....
"Richmond has not published a formal timeline due to the large quantum of variables, their complexity and interaction..... many of these variables are outside the Company's direct control as the bulk of the work is undertaken by consultants."
so..... what's in the offing then? seems RHM is gonna just do as it wants without paying much attention to market psych, and I'm non the wiser about when any Feasibility Study might be finalised, though it doesn't look like this year to me, there's nothing coming from RHM to say it will be next year either if it comes to that. RHM says it is committed to completing the FS in the shortest possible time but what's 'the shortest possible time' actually mean? I dunno......
RHM Price at posting:
37.5¢ Sentiment: None Disclosure: Held