jarv2010, I am of the opinion of stakes84, will be putting stock in vault and forgetting about them. If we sold now we would loose to much. If the stock comes good at some point in time we will be breaking even. As mentioned before waiting for Karinga Creek to come in before making any final decision.
It would appear from Resource Article that Karinga Creek might be first KMS mine in AU and hope to have it fast tracked within two years. Since the stock was bought for the long term, two years will not be long to hold for some action. Barrow Creek is supposed to be at least 4 years to production unless the magic word is mentioned. JV OR T/O.
I do not think this will be a 100% RUM venture as they are going to require a cap raising to do it. I think many have been burnt with this stocks volatility and maybe a little apprehensive about buying into it.
I think therefore either JV with Indians or EU partner or a outright t/o from the likes of BHP or RIO is more on the cards.
We need to be a little more patient to see the Maiden before getting all twisted and panic sell. They have only done 50% of the holes and they have not even released to the market yet the details of the three or four samples of the benefication that have been sent down south.
At the end of June we should have another Quarterly report, this should give us a clearer understanding prior to the Maiden Jorc being announced. I have a feeling the Maiden won't be out till mid July.
Anyway, as i said shares are in the vault for now.
RUM Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
