RIE 0.00% 0.2¢ riedel resources limited

Lawso,To true mate.I have been endeavouring to obtain a time...

  1. 2,814 Posts.
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    Lawso,
    To true mate.
    I have been endeavouring to obtain a time frame for their next drilling program which they stated would be "SOON"
    What does that mean?....
    They advised me that it was against ASX rules to provide me with that information so i decided to ask the ASX if that was the case as i couldn't see anything market sensitive re supplying their shareholders with the company's works schedule?
    The ASX advised me that i was entitled along with any other shareholder to have an answer to that request as it is NOT MARKET SENSITIVE!!!
    The serious concern now is that due to their obvious lack of cash the company needs to have a cap raising in the very short term?
    I am guessing that the reason they are not providing the shareholders with a firm drilling date is that they need a cap raising to be able to pay for it.
    Hopefully i am wrong in my assessment as the share price is still falling and any cap raising will be extremely dillutive to our investments?
    Good luck,
    dapper
 
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