You're right that the market cap is not necessarily representative of fair value - but I think its relevant for financing so the current figure is pretty important.
I can't see there being a deal @ 15% interest - I think that would be too high in the US. I really thought the best way to proceed would be through a joint venture or an offtake agreement.
When I purchased the stock I looked at these two options or RHM as a takeover target, never as a debt funded junior producer.
Anyway, I'll hold just because I want to see how they wriggle their way out of explaining funding next time.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities Report
You're right that the market cap is not necessarily...
-
- 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
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online