Some of you on here are very naive to say the least. Benny has...

Some of you on here are very naive to say the least.

Benny has bought 2.1 million on market, he owns more than 177 million. Thats chicken feed for him! He just sold 29 million at 42c, to pay for the shares at 25c all he had to do is flip 1.25 million at 42c.

Now lets look at the three companies bidding for RCI. One company was semi serious (Jindal), the other two, ok lets see:

Meijin. Where are they now, why has the company not updated shareholders as to the status of their bid? My guess, it never existed in the first place hence no reason to update the market at all.

Essar, they stayed for 12 days then withdrew and they aint coming back.

Jindal, were willing to bid 56c on the basis that the company would allow them to complete drilling as part of the due diligence. Comments in the media surrounding the validity of one of Rocklands mining permits, which the company has not informed the market. What would have happend if I found out that they no longer held EPC890, the company would be worth virtually nothing. Jindal arent interested in the coking assets in China, they are in it for the coking coal and nothing else. If thats not there, there is no bid!

To me, something smells very fishy. I think Jindal were tricked into bidding higher by both the directors and management. Jindal suspected that their 'inferred' resource was inaccurate hence the reason to drill to make sure that what they were buying was actually there in the ground.

I dont have any ulterior motives or hidden agendas, I want the company to succeed and for Jindal to buy us out at 56+. But I do have some questions about how managemet have acted. Good luck to everyone.