Well one things for sure...theres some fun and games going on behind the scene! They have stated that they'll be looking what to do with their UK oil interests and recent RHE focus has moved to the US gas fields. So on that basis you may be close to something..as for price 5 million pounds is cheap but above their book value now for Athena. As for their pile of cash they seem to be lending it all to PIM? why, I have no idea! hows that good for RHE and shareholders is beyond me.They even have borrowed from ANZ bank $8 million in the last few months and it seems that they have lent this to PIM too! I'm just very puzzled about some has been loaned as interest free and some loaned at an interest rate to PIM..
RHE Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
