I never claimed to have researched Marda I just said the project was coming out of company in liquidation. If the project was a crash hot virgin project, no doubt it could have helped to float that company out of its problems. Chances are if the decision makers in the liquidated company made one bad decision their other decisions will have have also been poor. How long has Marda been virgin for? that might be another indication of future success but I doubt any of the previous owners were potentially considering a >191km trucking distance. As I said I wish you luck with that project and I’m sure RMS didn’t rush into that purchase like their rushed and failed TO attempt for EXU and their so far unprofitable purchase of Edna May. Yes read the annual report. They are still a long way from profit from that mine after having exhausted the main open pitable ore.
I’m not all over the RMS threads downramping them. I’ve given my opinion over there and I’ll wait for the Dec quarterly or other news before making fresh comment. If you want to come here and gloat, maybe find a reason first. Misunderstanding an announcement isn’t a reason. Esh
EXU Price at posting:
8.2¢ Sentiment: Buy Disclosure: Held