I agree it is highly unlikely they will do a CR before the...

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potentkitty

22 Posts.

31/03/15

09:46

Post #: 15009222
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Originally posted by jimmyp ↑

Things are going very well in the Fraser range, the success of companies all around us justified that. I have never stated 'Rams are definately drilling in the next couple of weeks' not once actually.

My way of thinking that we will see the results sooner than your 'months and months away' is that RAMS simply can not afford it. They don't have the cash to cover the running costs of the company for that long so if it is that far away something first has to happen.

Now a CR is the most common way of getting out of these situations but I don't think there'd be enough buyers at these prices and surely we wouldn't see them stoop to .0001 or 0002 cents so I'm thinking along the lines of a joint venture or Rams have already found a investor to buy the CR shares over the market. We could also see Rams begin drilling in the coming weeks (once permits are gained) which ideally would raise the price perfectly for a cap raise but it'd have to be sooner rather than later as the cash position is low as we all know.

Now, I am just as frustrated by the drilling delays as everyone else don't get me wrong but it has to be coming and soon so hang in there tiger and maybe you should reconsider your investment as it's probably not healthy to own a stock you are so negative on, just my opinion

Jimmy

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I agree it is highly unlikely they will do a CR before the drilling.

The only thing I am sure about at the moment about RAM is that it is one of the cheapest stocks in the Fraser range -- the real estate value is too attractive too me so I am buying the dips.

Drilling is inevitable -- a matter of when, not if -- just frustrated with their slowness.

RMR Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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I agree it is highly unlikely they will do a CR before the...

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