Black cap Posted July 21, 2004 Share Posted July 21, 2004 Dreamer - a pity some others don't want to participate in this conversation. Quarterly - traditionally they post their quarterlies at the very end of the month - so another week and a bit I would think. Drill results? Well - they said that assays, etc from the copper/gold deep diamond drill at Madja will ready by the end of the month. On July 9 they had assay results pending on 6 drillholes, with another two drillholes in progress. So, results won't be too far away - logically they will be presented in teh quarterly. Hope this helps. Cheers, BC Link to comment Share on other sites More sharing options...
Barrios Posted July 21, 2004 Share Posted July 21, 2004 Hi All, I have just started monitoring RED, and still doing some FA research. It looks worthy of further analysis and investigation. Will join in more when i know more. Link to comment Share on other sites More sharing options...
dreamer Posted July 22, 2004 Share Posted July 22, 2004 Thank's Blackcap and Barrios, i have a good feeling from what i have read and been told by reliable people that a rescourse upgrade is likely and the stock has the potential to be another oxiana. Do you guy's agree? Link to comment Share on other sites More sharing options...
Barrios Posted July 22, 2004 Share Posted July 22, 2004 Quarterly has to be lodged by 31st July to comply with listing rules, that is when they lodged it last year. As far as another OXR, that is a lo.............ng stretch of the imagination at this stage. But they do have an interesting site, with further resource upgrades likely. The MADJA area further south also looks good, particularly if a farmin partner is forthcoming. Link to comment Share on other sites More sharing options...
Black cap Posted July 22, 2004 Share Posted July 22, 2004 Agree with you Barrios - can't compare RED with OXR. As far as farmin partners go, in the last quarterly they mentioned that several large international mining companies had expressed interest in the copper potential at Madja. Perhaps we will read a bit more news on that in this quarterly. I know that the directors were travelling overseas a bit over the last 3 or 4 months. Cheers, BC Link to comment Share on other sites More sharing options...
Black cap Posted July 23, 2004 Share Posted July 23, 2004 Some more good news from RED - I'll have a look at previous results over the weekend and see how the new results relate to others. All looking very good for a significant resource upgrade. Cheers, BC Link to comment Share on other sites More sharing options...
Barrios Posted July 23, 2004 Share Posted July 23, 2004 Yes, extension of current perimiter of known resources will add significantly to resources. Also interesting that the highest grades of silver so far were encountered, thats the first i have read of silver grades. 4 drill rigs currently operating. Link to comment Share on other sites More sharing options...
dreamer Posted July 25, 2004 Share Posted July 25, 2004 i was a little surprised there wasn't more interest on that ann on friday but looking very promising for rescource upgrade based on comments in that ann. Link to comment Share on other sites More sharing options...
Barrios Posted July 26, 2004 Share Posted July 26, 2004 Todays Quarterly is good reading............... Scoping study due for completion late AUG 2004 A new resource estimate to follow (currently 1.1million ounces), upgrade and expansion. Unsolicited financing proposals received. Four drill rigs in operation around Siana open pit. underground stope-fill grade considerably higher than that used in the resource estimate. approached by gold/copper majors interested in strategic alliances by equity position or joint ventures- in MADJA area. First drill hole mineralized in entire 380m at 0.2%CU. 162m aggregate at 0.2%CU and 0.2 g/t AU. Second hole completed results pending. 220m shares on hand market cap $29.7m ($8.1m cash on hand) Moderate/Low country risk (phillipines) Link to comment Share on other sites More sharing options...
dreamer Posted July 26, 2004 Share Posted July 26, 2004 Barios, in your oppinion were these good numbers. Just wondering why there hasn't been a stirring in the share price. But thank's heaps for your input. Link to comment Share on other sites More sharing options...
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