Interesting to note that the latest MOX presentation highlights a new anomoly [Wuchack] to the west of the first 3 drilled Punt Hill anomolies, this new anomoly is on the boundary of MOX and RDM. Just over the boundary RDM have 3 anomolies with drilling to commence in December, subject to rig finishing up current task, the 3 anomolies trend from S/E to N/W the same as the MOX drills. I have spoken to the company and they informed me that their representative is visiting the area next week to finalise the native title arrangements with the local residents and all will then be in place for the programme to commence, they expect that basement at these anomolies will be shallower than at MOX, all encouraging news and RDM could be the next big thing in the Gawler. The company has 83 million shares on issue, the top 20 hold 56 million shares, the remainder are very tightly held, especially lately with none traded in the past 2 days and only 120,000 available on the sell side. RDM has some great ground all over Australia and has joint ventures with BHP in Queensland, RIO in South Australia, and Phelps Dodge and Stellar Resources in South Australia. Currently drilling the Robins Rise prospects with the last 2 named Companies. Do some research you will be impressed.
MOX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
