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.
RHM Price at posting:
36.0¢ Sentiment: Hold Disclosure: Held