RLC 0.00% 0.2¢ reedy lagoon corporation limited

Ann: Becoming a substantial holder, page-16

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  1. 510 Posts.
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    RLC is not far less developed it's only one-two month behind LKE, PNN and ASN. ASN hasn't drilled yet, but they are reentering a well so maybe a month faster than RLC. LKE and PNN just drilled recently.

    Management put 300k into this at 3c early in the year when SP was 2.5c so I don't think they want to see it collapses, they must have a lot of confidence in the project. Strike rate in Brine plays is much higher than hard rock so if like another poster said our neighbour had 1000ppm result then I say we are looking very good here. Just one hole will tell us whether we are sitting on lithium or not. I don't know what you were thinking but drilling 3 projects at a time just doesn't make sense to me. Every junior brine companies I know drill 1 hole at a time except LPI that one they like burning money.
    Last edited by Dannygold: 23/12/17
 
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