RE: More great drill results out of TEMBOBelow are all the official news releases from RHR this year. Take into account that the latest news releases from Tembo, have also been news releases for RHR. Our Nyakagwe Properties consist of 46 primary mining licenses & 1 prospecting license of approx. 500 hectares. These properties are completely surrounded by prospecting licenses presently being explored & drilled by Tembo. Tembo's recent drill results are extremely close to our properties. Tembo's has a 90,000 metre exploration program for 2012. Add to that, Barrick's Bulyanhulu mine (20M oz) which is approx. 6km from our land claims.
To say that Nyakagwe is a desirable would be a rather large understatement. Our (Nyakagwe) land increases in value with every assay of high grade gold that Tembo makes. This will be reflected in our SP and probably sooner rather than later.
When we can expect results from our fall exploration program is anybody's guess. I don't have the answer and most likely no one else who posts on this thread has a precise answer either. I would suggest a phone call to alleviate your concerns.
At the moment we have quite a standoff between the bids & the asks. The RHR share price could breakout to the upside at any time. RHR has an remarkable risk-reward scenario with the cash on our balance sheet, MYG shares and our properties. I'll say it again but I would bet that RHR will be trading in back in the double digits in the near term. Ivana
https://www.redhill-resources.com/s/news.asp?daterange=2012/01/01...2012/12/31