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RTM - Reefton Mining

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Re: RTM...NEWS....Soon?

As far as I know they were trying to meet with someone from the nambian minsitry for mining to discuss the knock back in regards to including exploration for nuclear fuels(uranium) in thier erongo permit. This was in an announcement months ago now... Since nothing has been said officially and also given that thier latest quaterly didn't have a hint of the U word in it, i'd say its not looking to good.. Mind you thier hardly going to risk mentioning U when theyv'e already got the nambioan officials so offside..

My question is about the asic investigation... did they find anything?

might get some movement when that info eventuates...
 
RTM - Reefton Mining Stock Surge (any ideas?)

Does anybody know why Reefton Mining stocks surged recently for one day only. They dropping back to the 3.1cent mark next day. I heard throught the grape vine they were told to resubmit their Nuclear Energy application, but maybe that was just a rumor. Any news appreciated.
Cheers
 
Re: RTM - Reefton Mining Stock Surge (any ideas?)

was also a new substantial holder notice the other day which was interesting... 7 percent, 22m ish shares... pretty ballsy with the companies track record

Got no idea about the rumour could have just been circulated to pump and dump

have watched the last 3 similar spikes, the last one had very big props come in.. probably due for another pump now though and that substantial holder notice might help... might get a little out of it...

even if they were to be rewarded with nuclear fuels inclusion, uranium punters are way more controlled now don't think it would go back to its old lusty hieghts...
 

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Dug op this one as it has had quite a remarkable run the past few days. Also an 'interesting' history by the looks of it. Any daytraders jumped on this yesterday?
 
lol, can't believe what I'm seeing re RTM, just goes to show every DOG has their day,


If you havn't been following RTM for more than 2 years I suggest you go and do some homework,

They were one of the first to follow PDN into Nambia but due to their dodgy ramping etc Nambian Gov refused permits,

Made good money trading these Mongrels 2yrs back, becareful peeps this is as mangey and flea ridden as they come!
 
Not trading it. So havent formed an opinion.
But has broken out on volume.
So would watch closely
 
From memory, so check it out:- In early 2005, RTM was getting all excited about a big uranium find in Namibia. The shares went up from 0.04 to 0.17. At about the same time, director Nikolaenko resigned ("other business commitments"). It subsequently turned out RTM didn't actually have a licence to explore for uranium, and the MME (ministry of mines and energy) wasn't about to give them one, but RTM hadn't told shareholders that when they were pumping the U find.

This report from Sep 2005 makes interesting reading, too: Australian police raid Reefton offices

Now director Hemming has resigned ("pursue other interests") just as the share price shoots up on uranium prospects in WA.

I would think a lot more than twice before putting any money into RTM. But please, don't take my word for anything, do your own DD.
 
Back then I thought this stock might be another Paladdin, and that is certainly where the releases were heading. I had bought into Paladdin at 11c (now over $8) so worth a look. It was very heavily ramped, not in this forum but in others.

Once 'burnt' always shy. This share was the baby of day traders I think, and the substance? Well, it has yet to be shown.
 
You may wish to be careful with this one. Lots of people tend to trade on this one, buying at .037 and selling at .45, you may not see it get past .45.
 
bobdabuilda said:
So nobody thinks that this company has any credence after the last few years worth of dodgy dealings?
Click to expand...

bob, any company operating in Africa has to do 'dodgy' dealings. I think something might be up with RTM, possibly they have 're-negotiated' the U leases. If so, then it might be game on again for the specs.

Taking out 5.1 now
 
Can anyone comment on where they think this co is going now? The name change to Magna Mining NL seems to have had a very negative effect on the sp. What was the cause for the recent doubling in sp? There must be someone out there with an interest!
 
bobdabuilda said:
Can anyone comment on where they think this co is going now? The name change to Magna Mining NL seems to have had a very negative effect on the sp. What was the cause for the recent doubling in sp? There must be someone out there with an interest!
Click to expand...

Stand by for news, the Board is meeting right now and I am waiting on a return call from the CEO to find out what is happening since the new board was appointed.
 

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