No trades today, and yet there are 1.308b shares on issue - strange!
The only relevant news today came from ENT/Enterprise M when it went in to a TH pending an ann re an exploration agreement for its Doolgunna land.
ENT has potential vhms cu/au Bryah land close to DeGrussa and RNI's Doolgunna. It also has potentially sedimented-hosted cu land in the adjoining Yerrida.
A sale to or farm-out/jv with Sandfire? There was no TH from a small company eg RNI, so expect the other party to be a big company and probably SFR.
Here is a map from ENT's site. I have circled RNI's Dool in red. RNI also has the other beige-coloured holdings below (Morcks Well) and next to (small with no name but on the jenkin fault) SFR's main Doolgunna holding. You can see how ENT's land borders SFR, RNI and TLM/SFR. Most of the parcels are in the Yerrida.
I am pretty sure too that Cashmans adjoins the western end of ENT's holdings.
It is a significant holding and if it's SFR that gets hold or control of all of it then it will change the dynamics of the area. If it's SFR then expect it to be a positive thing for RNI and its western holdings so far as hosting deposits is concerned.
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