Club Mulgoa

Tuesday, November 15, 2011

RDR

When the value of this stock fell in a downwards ramp over the year, I had pondered whether to sell. The negative sentiment did not dampen my faith in it.

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=139626&sn=Detail&pid=31

In fact, it is time to re-accumulate! It has a 3 million oz resource of Au and a gold plant on site which needs some work. The market cap is under AUD$100 million. POG is USD$1782 per oz. Go figure! And this gold acquisition was not the reason why I bought into RDR; there are other assets.

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