This is looking real smokey now
I haven't held for a while, but have followed the story behind the scenes
Was waiting to back the truck up <10c and was beat to it by someone accumulating lines of 1M+ .. since then it has pretty much been constant accumulation. It's been chased by multiple 1-2M size line bids
Up 60% for the quarter
I've heard a US fund has taken a liking to the story and is accumulating
Considering they raised US$34M at 14c without a sweat, and the developments in both Bougainville and Philippines since then, buying <14c really was a no brainer
MABILO
RTG own 64% of Mabilo. 1-2Mozs @ 5-6g/t aueq copper gold project in Philippines. During the quarter some nice developments ... Moratorium on small scale mining projects lifted, Mabilo granted exploration license and RTG winning 2 Environmental awards
If they are in the running for the DSO license here, it will be a printing press. Likewise if they reach a settlement or win with Galeo at arbitration, the removal of the issue is huge for the SP
PANGUNA
RTG are also the preferred developer for the 1.5Bnt copper gold Panguna monster in Bougainville
Some nice developments there during the quarter also
Really it is anyone's guess what is spurring on this latest buying
What is known for sure is that should they either get the DSO license at Mabilo, or get granted Bougainville, this will be the next market darling as they are both Tier 1 assets just begging to be developed
