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Re: coinmaker post# 23777

Monday, 02/07/2011 4:27:41 PM

Monday, February 07, 2011 4:27:41 PM

Post# of 35744
coinmaker, RDR.ax
I haven't invested in these stocks in Australia because I haven't bought any over here either except TLH at one point.
RDR.ax is Reed Reources.
They have the Mt Marion Lithium project in Western Australia.
However, they invest in other things besides Lithium.
They just bought the 2.5 Million oz Meekathara Gold project and they also have the highest grade Vanadium reserve in Australia.
About 200 million shares and 20 Million options which isn't bad for an ozzie stock selling for about 70 cents, so about 150 million market cap.
I believe their Lithium project is JVed with another stock called Mineral Resources MIN.ax which is in alot of things besides mining.
Orocobre Ltd ORE.ax which has the Talison Lithium project in Argintina though I could be wrong on the address, however they do trade over here under the symbol ORL, plus they also are in Potash too which isn't bad these days, LOL
Gippsland Limited GIP.ax have the large Abu Dabbab Nuweibi Tantalum project, however the project is in Egypt though be careful.
They also suffer from the ozzie problem of having 625 million shares and 60 million options.
However, there are only trading for about 4 to 5 cents a share, so the market cap is only about 30 Million.
Hope this helps and good luck.

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