trading halt capital raising, page-30

I guess we'll have to agree to disagree acehigh. Just a couple of points, I think most holders in RMG are in at relatively low prices unless they purchased only several years ago & haven't averaged down via ultra low market prices (.006c) or via the offer to all holders a while back at .004c. I know I have certainly done so & my in price is now 1.3c so currently I'm underwater (just) but don't anticipate being so for much longer. Secondly, you refer to the free options which I thought were exercisable at 2c in by April 2014 so that about 80% higher than current market price. Thirdly, you make accusations of cosy deals via related contracting companies - please provide the evidence. I seem to remember that former CEO, John Rissinger, owned a drill rig which was used in SA but I am not aware that it's involved in Qld.

lastly, you allege that the 2 Forrest principals have sold all their shares in RMG which by inference that got on the cheap but when I look at the Annual Report 30/6/11, Tisia is #4 holder with 50,500,001 shares and JK Nominees is #5 with 50,000,000 AND is #9 with another 38,131,982. Interestingly, several other Top 20 holders appear to have increased their holdings over the past year not via CR but on market it would seem.

There is an old saying that the market's always right, so if that holds then RMG is currently correctly priced. If anyone thought it was worth more they'd snap up the shares currently on offer - but they're not. I think the depressed share price is more about current times & lack of known resource at the moment, but this should change soon. Other peripheral matters will also come into play in affecting the share price such as a deal with Century or some other corporate play.

I share your frustration with the long delays that many of us have experienced (I too have held for many years) & I also share (I think) your optimism for future share price growth.