Ann: RFR sees 42% Increase in Measured and Indicated Resources, page-29

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mitis

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18/08/21

08:29

Post #: 55371558
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Originally posted by vkxan: ↑

It would be mu understanding that the drop in price is due to the release and issuance of 15,000,000 shares under an agreement on this Milestone 1 being achieved so many would have sold.
Based solely on the information provided, ASX Limited (‘ASX’) grants Rafaella Resources Limited
(the ‘Company’) a waiver from listing rule 7.3.2 to the extent necessary to permit the notice of meeting
(‘Notice’, ‘Meeting’) seeking shareholder approval for the issue of up to 30,000,000 fully paid ordinary
shares in the Company, comprising 15,000,000 Milestone 1 waiver securities (‘Milestone 1 Waiver
Securities’) and 15,000,000 Milestone 2 waiver securities (‘Milestone 2 Waiver Securities’) to the
vendors of Galicia Tin & Tungsten SL (‘Vendors’) upon the Company satisfying the milestones in
relation to the Santa Comba Project (“Milestone 1” and “Milestone 2”) not to state that the Waiver
Securities will be issued within 3 months of the date of the shareholder meeting, on the following
conditions:

Hopefully this will allow the share price to consolidate and then grow again

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good point - never once these last months did I see anyone post about this issue looming and that it would likely cause a drop in the SP until these vendor shares are absorbed. I didnt do enough research to see this coming I suppose. Hopefully onwards and upwards again soon

RFR Price at posting: 8.3¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Ann: RFR sees 42% Increase in Measured and Indicated Resources, page-29

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