RMG 0.00% 0.7¢ rmg limited

capital raising

  1. 246 Posts.
    Until RMG get into bed with a major player to fund the next development stage of Kamarga; the SP will remain at the current level. Until that time further capital injection through issuing of shares will be necessary to keep the company afloat and fund further drilling. Therefore further dilution will bring the market capital from $3m to $1 - $2m level. Previous drilling may excite current management and shareholders, but not the general market players. As a part owner of the company; I am prepared to sit and wait; but will not be increasing my holdings until notice is given as to a definite move forward plan is outlined. Patience is required.
 
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Currently unlisted public company.

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