Heres what i found out from one of Mr Assange cables. ( Thats a joke btw, before some one reports me) LOL
Dear Max,
Thank you for your reply and informative answers.
Sad to hear a bad cold has taken hold, and i hope for a speedy recovery.
1) Do you think the SP does not reflect immediate value of the company? Do you think investors have missed vital information?
2) As you have stated, the new resource estimate for the west pit is due to be completed in the current quarter. This is great news. Do you have a more specific ETA? Is there a date the company is working towards for the release date of this information? Are you confident that the West Pit resource estimate will be good?
3) It is also great to hear that CTN have come on board. Are you able to tell me the reason they have decided to come on board? How have they helped the company so far, apart from financial help? How will they be helping the company in the future, apart from financial help?
Thanks for your help.
Hope you have a great festive season.
Kind Regards,
Hiten Pindoria
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Dear Hiten Pindoria
Thank you for enquiring about my wellbeing - the cold has just about gone.
In reply to your queries, please see the following:
It is hard for me to comment on the share price, as this is market driven. On vital information being missed by shareholders, the Company has released all relevant information to date. The Company is aware of the need to keep shareholders up to date as much as possible with the project?s progress. Richmond will continue to release information to the market in a timely manner once data has been received, approved and the Company can make a valued comment on the data for release to the ASX.
On the West pit resource, I can?t give you are more specific date for completion. The best date I can give you for completion is what I mentioned previously and that is for this quarter. However, the Company is pushing as the info is needed sooner rather than later. I can?t comment on the potential size of the resource for the West pit until the estimation is complete.
We understand that CTN decided to invest in Richmond because they have a positive outlook for the company. CTN have provided no further assistance and I?m not able to comment on their future involvement as a shareholder in the Company.
Yours sincerely
Max Nind
RHM Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held