If we follow the Jenkin Fault to the N-NE, we have in order …
SFR Sandfire …. Market Cap approx $1 billion ….. major resource discovery
SRI Sipa Resources Market Cap around $65-70 million …excellent drilling results, and recently announced an alliance with Antofagasta of Chile … one of the worlds largest Copper Producers.
LSR Lodestar Minerals ….. Market Cap of around $10 million …… some encouraging results so far and right on trend next door to Sipa …… have a large tenement holding as well.
RIE Riedel Resouces …… Market cap around $8+ million. One section of RIE’s tenements is directly on trend from Lodestar’s current drilling campaign. Lodestar are very upbeat about what they have in the ground, so if their current drilling proves up anything like what SRI next door have, both LSR and RIE current market caps should come under some upward pressure.
The RIE Directors have been accumulating shares for several months at prices between 12 and 18 cps ….. plus they were cleaning up cheap Options during the middle of the year …..
Only about 60 million shares on issue …… the top 20 shareholders own about 70%
REI was spun off from ADX earlier this year so the Materials and the Energy resouces could be more effectively managed.
ADX holds 42% of REI shares ……. Three of the Directors are on both Company boards. Two of those directors also recently purchased approx $20K in ADX shares
The whole Jenkin Fault area certainly looks interesting. RIE and LSR look a low risk punt compared to most Specs, especially at their current market caps ….. we shall see.
Directors activity this year ….. always good to see the Directors putting their cash in with the regular punters
02/12/2011 Change of Director`s Interest Notice 2 PDF
21/11/2011 Change of Director`s Interest Notice 2 PDF
19/10/2011 Change of Director`s Interest Notice 2 PDF
17/10/2011 Change of Director`s Interest Notice 2 PDF
27/09/2011 Change of Director`s Interest Notice – Amended 20.09.11 –
20/09/2011 Change of Director`s Interest Notice 2 PDF
12/08/2011 Change of Director`s Interest Notice 4 PDF
28/07/2011 Change of Director`s Interest Notice 3 PDF
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28/07/2011 Change of Director`s Interest Notice 3 PDF
12/07/2011 Change of Director`s Interest Notice 3 PDF
30/06/2011 Change of Director`s Interest Notice 3 PDF
10/06/2011 Change of Director`s Interest Notice 3 PDF
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10/06/2011 Change of Director`s Interest Notice 3 PDF
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10/06/2011 Change of Director`s Interest Notice 3 PDF
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10/06/2011 Change of Director`s Interest Notice 3 PDF
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09/05/2011 Change of Director`s Interest Notice 3 PDF
06/05/2011 Change of Director`s Interest Notice 3 PDF
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04/05/2011 Change of Director`s Interest Notice 3 PDF
10/02/2011 Change of Director`s Interest Notice 3 PDF
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08/02/2011 Change of Director`s Interest Notice 3 PDF
31/01/2011 Initial Director`s Interest Notice 2 PDF
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31/01/2011 Initial Director`s Interest Notice 2 PDF
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31/01/2011 Initial Director`s Interest Notice 2 PDF
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31/01/2011 Initial Director`s Interest Notice 2 PDF
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31/01/2011 Initial Director`s Interest Notice 2 PDF
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