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

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Comment by 2t3mon Aug 22, 2008 6:29pm

256 Views

Post# 15405143

RE: NR Buyback at 0.80

I THINK, that the new management has done a great turn around, and only with Venture Steel. After all that work, I don't think they will let Jaguar take the control. They will probably make a counter offer at 0.90-1.00$. I don't believe in a 1.50$ but it would be welcome.

What I'm afraid is that they might go private after taking the control of it, protecting themselves from another takeover. They might keep Venture and sell or close the other unprofitable divisions.

Anyway, get ready for the small ride up.

But that's just my 2 cents thoughts!

GLTA

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