RRP 0.00% 8.5¢ realm resources limited

Ann: Reinstatement to Official Quotation, page-97

  1. 1,671 Posts.
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    I am yet to read the Notice of Meeting, but make the following observations.

    - Announcement on 9/6 stated cash on hand of $100.9m as at the end of May.

    - The company needs to issue a minimum of 231m shares in the capital raising to meet the 80% free float rule, one of the re-listing requirements.
    Funds raised from the issue of these shares will increase the cash balance further.

    As mentioned in last quarterly report, they are completing $15 m worth of works on a creek/road. This will also increase the life of the mine.
 
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