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Rithm Property Trust Inc V.RPT


Primary Symbol: RPT

Rithm Property Trust Inc., formerly Great Ajax Corp., is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. The Company is focused on a flexible commercial real estate focused investment strategy. It is investing in and managing real estate and financial services assets.


NYSE:RPT - Post by User

Bullboard Posts
Comment by sammenardon Mar 04, 2007 9:55am
200 Views
Post# 12351003

RE: BSW06-01 and BSW06-02

RE: BSW06-01 and BSW06-02I sent an email to the company over a week ago... no answer yet. When I last contacted the company, they were waiting on results from 2 holes drilled last fall. The summer drill program was focused on the west side of the Black Sturgeon fault. Those holes were very deep and they had to drill through salt and loose sediment to reach the basement. My understanding is that, due to infilling, they did not reach the basement on a couple of key holes. The company now claims that it has figured out how to do it and will try again in the summer. The winter program is on the east side of the fault where the deep sediment layer has eroded over time. Neeless to say, drilling in this area is elementary and they should accomplish their objectives. It sounds like they sent cores to the lab which is an encouraging sign. It would be nice if someone can confirm this at the PDAC. Sam
Bullboard Posts