I also note that in RAF's annual report dated 21/3/14 they have advised they obtained an interest in Gossan Hill Gold:-
RAF has somehow secured 2.32M shares + 1.1M options in Gossan Hill Gold
Why would SOC pay cash + scrip for the asset, only then to turn around and conduct a rights issue and give away scrip to RAF ?
How much was SOC trying to raise inside of Gossan ?
If there was a shortfall, how much of the funds did RAF contribute to obtain their 4% interest ?
Perhaps it is these things that are slowly coming out in the market that shareholders are noticing and do not appreciate
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ipo valuation around $11.5m, page-3
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