Hey, I had this amazing idea last night!
What about the CUE Resource's share holding being added to RSL! Makes a lot of sense!!!
Advantages:
1.) Red Rock would have all its Uranium interests under one umbrella.
2.) Red Rock could increase it stake in RSL considerably in exchange for Cue Resource's shares, and still have an indirect interest in Cue.
3.) The relaunch of RSL would probably, as a result, be oversubscribed, which would result in a maximal capital investment of $5,000,000 in RSL.
4.) If RSL's launch is oversubscribed and $5,000,000 capital raising is achieved, the RSL share price will rocket up on relisting, giving Red Rock a huge boast in its Net Worth. Already some analysts are saying that Red Rock is worth 8.7 pence, Compare this with closing price of 1.62 pence on 06/11/2009!!!
Disadvantages:
Nil
Maybe an influencial reader of Hot Copper, could pass my idea onto AB, unless he has aready thought of it himself!!!(woundn't be surprised if he has)
You never know!!!
Cheers
Reference:
http://proactiveinvestors.co.uk/companies/news/9849/edison-puts-red-rock-resources-potential-nav-at-87p-after-cue-resources-acquisition-9849.html
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