C'mon andy,is that a Macenroe post as in "You can Not be seriuos"?
You say "RRS shareholder funds are spent on essential resources required to undertake exploration activities"
Can't you remember the big splurge at the Melbourne Cup, the consultancy fees paid to Finnies, the consultancy fees paid to Captain Starlight, the consultancy fees paid to the bloke that was shorting the hell out of rrs?
At the very best one can say that a lot of money has been wasted.
If you are saying that things are soon to change, that's good, but it would be more realistic if you were honest in assessing the past performance of this company.
The cashburn has been horrific and time and time again the result of the cashburn has been budget price cap raising and heavy dilution caused by the issuing of zillions of shares. Hence the appalling performance of the sp.
That's the reality of the last 2.5 years.
If someone could explain to me how the company is going to keep going without further cap raising and dilution I would be most grateful.
The good news is re the seismics and that the wheels are slowly turning re the piracy problem.
RRS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
