RTG 10.0% 2.2¢ rtg mining inc.

Any guesses as to why the sell off ? Was rallying to 30c on the...

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    Any guesses as to why the sell off ?

    Was rallying to 30c on the back of Gina's 2nd last vote. She is gone, Cimatu in and the skies look much clearer. We've learned Mabilo MPSA is only a few steps away from complete and so it just leaves a settlement with Eric before we could potentially be mining some 6 months later, from whenever that is

    So why has it tanked from a steady 20cish to now 11c, when the political climate has never been more favourable towards mining ?

    Surely the commencement of arbitration cant be seen as a negative ? Ratcheting up the pressure should only force an earlier settlement ...

    @mineralised thoughts ? Just impatient punters not wanting to potentially wait out arbitration ?

    Thing is, it is impossible to time when a settlement with Eric will come. If it comes from left of field and you are out, it could well open at 30c+ and leave you high and dry. If the downside from here is potentially 8c by Xmas if no news, whereas upside on a settlement is 30c initially, and MPSA likely $1 ... I'll happily hold and average down along the way

    Mabilo is 2mozs at 5-6g/t which could potentially double with porphyry drilling. This could fetch a $1Bn+ price tag in a few years ... I'm sure Eric will see commercial sense soon. He is foregoing $50Mp.a in missed cash already
 
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