So YRR is raising money. Done pretty cheap too.
According to their announcement these funds MAY be used in the identification of new projects. Well, I have identified what I consider to be perfect projects for YRR......but that is not the point of this post. I want to draw your attention to RDR and their recent acquisition of a lithium project. It involved a very low cost to shareholders, was probably done at arms length (i don't feel the need to investigate this issue here)...and the kicker...the share price has gone gangbusters since!
Well structured deals benefit all involved. So I reckon.
Heres hoping for a good deal here....god knows any long term lemmings need a lucky break.
I can see the angles....but not the cost, which is hopefully less damaging than recent attempts made by previous management
new board = ?????
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