KEEP AN EYE ON THIS LITTLE BABY...FANTASTIC PLATINUM/NICKEL PLAY

MAESTRO....the potential of RIDGE is frightening

windsorgolf...yes i agree mate...can't make my mind up though which one has the greatest potential...Ridge or Meridium petroleum MRP

i got out of mrp too soon,,,but i have tremendous faith in RDG,when cash is avaliable i will definately be topping up

Greetings! I posted the following on the original RDG thread in early March or thereabouts. Hope you find it interesting. DYOR, IMO, etc.

>> The Sheba's Ridge project, with an estimated 23,900 tonnes of nickel per year, is apparently worth a potential US$334 million in turnover (in which RDG will take an apparent 39% interest, which boils down to US$130 million/75 million turnover) and that's not counting the gold and other precious metals they also hope to find. On the basis of a quick comparison with peers such as Patagonia Gold, the market cap should surely be somewhere near 50 million right now?

Clearly I'm not the only one who thinks RDG is a worthwhile investment. Since the middle of January, Merrill Lynch Investment Managers has been the proud owner of 15% of the current issued share capital.

Anyway, today's good news is that RDG has agreed project finance of US$108m, for the smaller Blue Ridge project, with Joint Venture partner due to take an equity stake of undisclosed proportions. The Blue Ridge project is envisaged to produce 75,000 oz platinum per year (that's US 75 million Bucks!, 43 million Sterling), plus gold, palladium and rhodium in lesser quantities. Assuming RDG gets left with 40% of Blue Ridge, that could give them a turnover of around 24 million, resulting in ample cash generation while they are completing the feasibility study on Sheba's Ridge (which itself has been paid for by another joint venture). <

More good news - up 5.5p, 12%!!! RNS announces Merrill Lynch has again added to its holding in RDG. They acquired 155,000 shs yesterday, taking their holding to around 15%, or 9.42 million shares, all acquired since the beginning of Jan 2006.

Ridge definitely has a bright future ahead of it - check out the number of high-potential assets in its portfolio!

Some of you may also like to cast a glance at Galahad Gold (GLA) and Toledo Mining Corp (TMC). Similar potential, if not better, than RDG, although it may take some time for these plays to realise their full potential.

IMO, DYOR, etc.

Up 2.75p today, closing at 47/49. Most trades on the buy-side.

chart break out... 70p here we come!

Wish I had some spare cash so I could buy some more.

last chance of getting these anywhere near 50p

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thanks for your time

great week!

Hats off this time maestro.

how does one create or find charts on the system here?
from what i could make out from a very basic chart elsewhere, there was arguably a breakout at 50p, but .....

Cynic, it's in the button bar at the top of the web-page, top row, fourth from the left.

SP up 36% over ten days, last five days have all posted a rise. Nice.

FWIW, Nickel news from today's FT.com:

Nickel rose 3.5 per cent to a record $20,000 a tonne as traders said that hedge funds were betting on disruptions to output from Incos Sudbury facility in Canada, where wage negotiations are ongoing and the current labour contract runs out in mid-May. Inco has also forecast a 10,000 tonne global nickel deficit this year compared to an 11,000 tonne surplus in 2005.

Up again today, by 1.5p, on the back of strong metals prices.

I'm impressed by the rise over the last few months, so have just topped up (nearly doubled) my holding at 58.56p.

up 2.5p,should keep nice steady rise now according to the chartists.OT does anyone hold PET?

Volume is tiny but it's almost all on the buy side. Suspect the chartists are right.

Ridge Mining PLC - Holding(s) in Company
RNS Number:6490C
Ridge Mining PLC09 May 2006
Ridge Mining plc Holding in Company
9 May 2006

The Company received notification on 8 May 2006 that following a sale of a portion of its investment in the ordinary shares of US$0.05 each in Ridge Mining plc, RMB International (Dublin) Limited's position is now below the 3% disclosure mark.

Contacts:Ridge Mining plc: +44 (0) 20 7379 1474Francis Johnstone, Commercial Director This information is provided by RNS