Australia's largest stock trading and investment forum Australia's #1 stock forum

RFE

Click for more information

0.00%

0.0¢ series 2018-1 reds trust

Delisted.com were buying RFE shares to crystalise losses

First 10 Last

Share
Profile

Follow
perdant

4,566 Posts.

718

16/06/15

10:11

Post #: 15473072
Share

Originally posted by Ptolemic ↑

Strong candidate for the least compelling investment opportunity of the last 5 years.

The tables on page 20 and page 27 say it all. Of the money being raised very little is going to things that could even possibly lead to shareholder wealth, yet the directors will take ~15-24% of the amount raised. In keeping with a 5 year tradition of this company.

I'm assuming that the "company will also have access to the services of certain previous United States based key management personnel" on page 26 means the old RFE hands will be beneficiaries of the $350,000 earmarked for "Data Review, Target Generation & Exploration". Must just be a bunch of paper shuffling because they can't do anything tangible with the proposed funds.

If I were a holder (I sold a long time ago) the only compelling reason I could see would be to get the company re-listed so I could sell at nothing and crystallize some tax loses. That is highly unlikely to happen this year so probably just as well letting the thing go bust and getting the tax loses next year.

Expand

Delisted.com were buying RFE shares to crystalise losses

Last edited by perdant: 16/06/15

RFE Price at posting: 0.6¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

LRL

Labyrinth shares rocket by 219% on news of Comet Vale and Vivien gold project acquisitions

CTT

Cettire shares jump on FY24 revenue growth up 80% vs pcp – but stock still badly bruised

ATH

Trial for Alterity's neurodegenerative drug ATH434 shows reduced disability

NWC

New World Resources inks complete PFS for Antler Copper Project in Arizona, USA

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 11 more messages in this thread...

First 10 Last

Add RFE (ASX) to my watchlist