Reedy Lagoon Corporation Ord Shs T.RLC

Primary Symbol: RDLGF

Metals & Mining Industrial Metals & Minerals

Reedy Lagoon Corporation Limited is an Australia-based mineral exploration company. The Company’s projects include the Nevada Lithium Projects, the Burracoppin Gold Project, and Burracoppin Iron Project. Its Nevada Lithium Projects include Alkali Lake North (ALN), and Clayton Valley (CV), which are located in two large and separate groundwater catchment areas in Nevada, United States of America. ALN comprises 334 placer claims and 157 lode claims, covering 3,908 hectares (9,657 acres). The Burracoppin Gold project is located in the central Wheatbelt of Western Australia roughly midway between Perth and Kalgoorlie on the Great Eastern Highway, Route 94. The Burracoppin Gold project comprises the Lady Janet, Windmills, Shear Luck and Zebra prospects. The Burracoppin magnetite deposit is located half-way between Perth and Kalgoorlie near the town of Burracoppin on the Great Eastern Highway, east of Merredin.

OTCPK:RDLGF - Post by User

Reedy Lagoon Corporation Ord Shs

Bullboard Posts

Post by NYI25on Nov 15, 2006 8:41pm

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Post# 11689853

Value

RLC posted reasonable financial performance this quarter and year to date and continue to integrate their acquisitions. Year to date financials are negatively impacted by one-time expensing of options to the chairman. Excluding that, they've earned about 2 to 3 cents in the first half - not bad considering the focus on integration and the ramping up of capacity. The capacity is the key. If they can continue to fill capacity, RLC will see significant gross margin improvement. I can get to about $1.40 to $1.50 range using a quick DCF analysis - that's before adding any new business which they are heavily leveraged to do.

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