1. cash is needed to fund administration costs, exploration costs etc no ? or do they just fund it with equity which creates more shares which puts downward pressure on the shareprice and drives it lower ?
2. correct no profit and u can only issue so many shares before u hit 0c a share ? then u cant raise anymore
4. discounted and diutivet capital raisings if there is no cash to fund he company
so realy volunatry administration or a takeover using scrip at some point will prolong but not hold off RRS going broke
These logical points will upset some but i call it as i see it so counter please with some counter points to dismiss - prove me wrong the challange is out
RRS Price at posting:
2.6¢ Sentiment: None Disclosure: Not Held
