RIE 0.00% 0.2¢ riedel resources limited

Hi Plough,I kept holding due to the fact that the company...

  1. 2,814 Posts.
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    Hi Plough,
    I kept holding due to the fact that the company announced they would "SOON BE DRILLING" the hot spots as mentioned on here previously.
    When i first contacted the company re this i was fobbed off by management and they were certainly not coming clean re why that promised follow up drilling hadn't commenced.
    I have since followed up with a different director and he did tell me the truth and that was that they no longer had the cash to carry that drilling out due to the current difficult financial climate for junior explorers.
    It would have been nice and certainly more financially beneficial to me if in fact that had told me this when i first contacted them with my concerns.
    Considering their current financial position i cannot see how they can continue to list without the ASX or ASIC asking for a please explain, in fact those organisations should have allready done so IMO?
    Cheers,
    dapper
 
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