ASX 0.26% $85.45 asx limited

Upcoming Float - Reed Resources

  1. 197 Posts.
    This company is definitely one to watch on increasing POG trends.

    There has been a myriad of gold type junior explorers floating over the last few months with few of them having more than greenfields appeal.

    Reed will be well worth a look. Reed will be working in the eastern goldfields of WA where they have drilling for the last three years as a private company. They have around 20K ozs of defined gold resource adjacent to the old sand queen mine (which produced in excess of 250K at better than 20g/t Au) which they are confident of increasing further.

    The coy is headed by millionaire stockbroker (and Kalgoorlie boy) David Reed and will have a veritable whos who of industry heavyweights on the register.

    The application period has closed early and only Bell Potter clients are likely to get a look in (unfortunately I'm not one of them).

    The rig is currently operating on site which should ensure a welcome trickle of news shortly after debut.

    With only 20 million tradeable shares on issue any news should see healthy rises in share price.

    I have been on this site for a long time and rarely give tips or make outlandish claims but seeing HC can hardly be called a 'Stock Market' Forum anymore (more like the Jerry springer show) I will put my kahunas on the chopping block and call this stock one of the most prospective floats of the year.

    No scratchies, no bottles of grange, just a friendly pointer for further research. I will be buying all I can get my hands on come float day!
 
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