Analyst Reports
Reed Resources Ltd and its subsidiaries do not accept liability for the views expressed on this website. None of the information provided is to be taken as investment advice. Any decision to invest should be made in consultation with a licensed investment advisor.
April 28, 2010
Hallgarten and Company
Reed Resources has commissioned Hallgarten and Company of New York to undertake a study of the company and it's projects.
This is their report.
Please read this report in it's entirety - including disclaimers.
October 28, 2009
Strachan Corporate
Strachan Corporate assesses a risked value of $217 million for Reed Resources, comparing favourably with its current market capitalisation of $95 million.
Please read this report in it's entirety - including disclaimers.
February 1, 2008
Transocean Securities
"For exposure to the China growth story, Transocean recommends Reed Resources, an established gold producer in the final stages of a feasibility study on its flagship Barrambie Vanadium Project, who also offers strong exploration upside from its iron ore and nickel joint venture projects...
"...This setting provides Reed shareholders with a unique opportunity to be part of a diversified, well funded and highly focused company positioning itself to be an important supplier of steel inputs into China and on course to be one of the lowest cost producers of vanadium in the world."
Please read this report in it's entirety - including disclaimers.
December 18, 2007
Transocean Securities
"2007 proved to be an outstanding year for Reed Resources Ltd (ASX: RDR) with a 100% rise in share price driven by significant advances across all of their Western Australian projects. In particular, a major initial resource estimate for Reed’s 100% owned Barrambie Vanadium Project has seen the Company reposition itself from a gold producer to a potentially important supplier of steel inputs into the Asian steel industry...
"...Reed is now poised to deliver its next phase of significant growth in 2008 as it continues to benefit from a strong and prudent management team, highly experienced JV partners, accelerates the development of all key projects across Western Australia and maintains a strong balance sheet and supportive shareholder base. Reed is now positioned to be an important supplier of steel inputs into China."
Please read this report in it's entirety - including disclaimers.
December 5, 2007
Strachan Corporate
"StockAnalysis estimates that Reed’s assets currently hold a risk adjusted valuation of at least $266 million, which makes the stock look cheap, when compared with a current market cap of $129 million.
"Recommendation: Allowing for additional equity dilution, StockAnalysis believes that the stock can be bought below $1.25 per share."
Please read this report in it's entirety - including disclaimers.
September 21, 2007
Shaw Stockbroking
"...Whilst the risk is acknowledged, the solid shareholder base, agreements with major companies and diversity of the portfolio means the Company appears well placed to progress development of all projects over the coming twelve months. Access to cashflow from the gold project, and limited spending through the JV arrangements mean future capital raisings should be put to good use."
Please read this report in it's entirety - including disclaimers.
August 30, 2007
Intersuisse
"RDR has a diverse well managed portfolio of mineral interests. Its current feasibility study on the Barrambie vanadium deposit has shown the potential for significant capital and operating cost savings. In addition the company has entered into a sales agreement covering the first ten years of production. Elsewhere, the company has attracted Portman Mining and Western Areas to its Mt Finnerty project seeking iron ore and nickel respectively and gold production from its Comet Vale underground mine is ramping up. Cash flow from that operation should enable the timely completion of the Barrambie feasibility study."
Please read this report in it's entirety - including disclaimers.
