"If some of the top guys think they have got it to a point where it needs the likes of RIO to do the rest of the work then so be it. If I was in there position I would do the same."
Oilyman, you're correct to a degree - i am being a bit hard and it's true the directors have done a good, no great, job getting the SP to $17, but you're line there, "If I was in there position I would do the same.", is the exact point I'm tryng to make I suppose... it's not just their company, it's as much ours, and as a shareholder, are you really happy to let RIO have our company for $16 per share, and leave maybe $100 per share on the table ?, just because the directors are in a position to become millionaires at that price ?
Why couldnt they take the project all the way to production ?... move aside I say if you haven't got it in you, and let others take it all the way, and then take your tens of millions, whilst the rest of us take a much more reasonable and fair price >$20 per share.JMHO.
PS, good luck with PDY and MOT mate. :-) .... take a look at RHM .....sorry team for digression.
SkipperX ... who you calling a baffoon ? .... are you happy to sell for $17, and not see our company continue as is for another few years chum ?
RIV Price at posting:
$17.03 Sentiment: Hold Disclosure: Held