RIE 0.00% 0.2¢ riedel resources limited

Yep, the news from SRI only enhances RIE nearology appeal.The...

  1. 877 Posts.
    Yep, the news from SRI only enhances RIE nearology appeal.

    The hunt for the next SFR/SIR is still at the forefront of every speculators mind so even though luck has been scarce recently with most of the Doolgunna/Fraser Range explorers, any sniff may reignite the punters.

    The capital raising was a good result.

    Instead of 20m shares hitting the market through options conversion had they managed to push it to $0.20, there's now only 9m with sufficient cash to take them through this drilling PLUS any further drilling for another quarter should they need to follow up from intercepts in this round.

 
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