I did a quick run of the numbers and dilution is very reasonable. I especially liked the 50c option clause which protects shareholders from this short-term downturn in share price.
However, what is impressing me about this company is something which can't be defined by numbers - management momentum. Only two weeks have elapsed since the release of the Feasibility Study and we have an off-take/financing plan in progress (I am sure negotiations had been ongoing). Plus, equipment purchases are in progress or in advanced planning.
It is the actions of management putting a fire under the project which seperates successful miners from those that own a pile of pretty rocks.
- Forums
- ASX - By Stock
- RHM
- framework agreement signed with hebei iron & s
framework agreement signed with hebei iron & s, page-4
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RHM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online