RLC 0.00% 0.2¢ reedy lagoon corporation limited

Ann: Assay results for Big Smoky South lithium brine project, page-12

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  1. 143 Posts.
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    Yeah I agree. It appears that our risk in being in Nevada is much higher than when we first acquired the projects given that 2/3 of them failed in showing economic lithium brines despite the seemingly promising 2D MT surveys provided by the company. Although not suggesting that the remaining 2 projects are duds, it might be worth looking at how we can extract value from our magnetite and uranium prospects via more exploration/farm-out etc. If this can happen alongside any additional work management feels necessary to undertake at Nevada, I will be much more happy with our direction.

    Also - more details and clarifications what is/will be happening at Nevada is a must right now since no update or material details were provided after the Ann regarding completion of 3D AMT. I am also hoping for a graphic interpretation of the data so shareholders can be more informed about what we're sitting on since Geof has been very vague on the results.

    The lack of details is not something I'm too happy about.

    Annoying share price but at this stage I will be holding and seeing what management draws next.
 
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