RUM 8.70% 2.5¢ rum jungle resources ltd

do the deal

  1. 743 Posts.
    Firstly I mention that I have a sizable holding in both CEN and RUM.

    It is a directors basic responsibility to ask at every decision point, 'what is best for shareholders?'

    IMO CEN directors are solely thinking of themselves and the annual fees they enjoy.

    Further I don't have confidence in their technical, or commercial ability to take CEN's projects forward without massive S/H dilution.

    RUM directors are proven performers, technically and commercially so I will be very pleased to see the T/O succeed asap.

    The T/O will result in much reduced ASX and compliance fees which I guess amount to about $400,000 per year – a nice saving!

    Let’s get the deal done.
 
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