I think you have provided a better way of explaining my point.
RRS is not giving the shares away with the increased number of shares being registered, they are selling them for what would have been at a premium a few weeks ago. So the nos of shares is increasing but also the cash on hand position is also increasing.
So the number of shares is going up but so is the billion which you referred to.
The question is really whether the extension of the opportunity will bring even greater profits in the future. It certianly spreads the risk over more opportunities.
I hope the Company will brief us on why the have chosen the assets the have just announced they will invest in. If the offshore is as prospective as the onshore as most of us think it could be a company maker in itself, but we will not know until we get more info.
Cheers
RRS Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
