RPM rpm automotive group limited
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cash equity retained and flexibility

  1. Rawk
    2,954 Posts.
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    02/09/08
    10:12
    Post #: 4219766
    I am not impressed with a note at A$0.185c conversion and 12% on money but the key points are imho.
    1:US$10m to get on with the job of cash/oil flow.
    2:Equity remains at 40%.
    3:Flexibilty with farmout.
    4:IMC have kit to add value and all the incentive to do it.

    Though I do not like 0.185c conversion, success will be in the detail and I trust managements ability to deliver.
    It appears IMC did well here considering 24c yesterday.
    Bring on Yakal.
    KIK Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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6.0¢ 		Change
-0.003(4.76%) 		Mkt cap ! $16.26M
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