RHM 0.00% 30.5¢ richmond mining limited

The activities report hasn't been held up, it is due by the end...

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  1. 6,575 Posts.
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    The activities report hasn't been held up, it is due by the end of the month which will be monday. I cant see what bad news could be around, not like there is a native title issue about to creep up as Buena Vista is on private land. They also have just under $6million in the bank which will reduce to about $5million in the next quarter. They need $6million to pay for Buena Vista by 10 May 2011 of which 50% can be through a share issue.

    Looks to me like the rise to 50c was a well orchestrated pump and dump, possibly to allow those who participated in the share placement to exit. Lets hope we find some support soon.

 
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