RUM 8.70% 2.5¢ rum jungle resources ltd

takeover of cen

  1. 1,273 Posts.
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    This is a great move by RUM. CEN has very little cash to progress their projects and the prospects of a successful placement in the current climate are virtually non existant, unless they are prepared to sell off a major portion of Arganara for a cash injection.
    It should prove very compelling to CEN shareholders as RUM has the cash to progress further, as well as the backing of some very astute backers.
 
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Currently unlisted public company.

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