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.
RUM Price at posting:
23.0¢ Sentiment: LT Buy Disclosure: Not Held