NTM 0.00% 0.5¢ nt minerals limited

Hi asf, Thanks for Your input, however it's unbalanced in that...

  1. 7,295 Posts.


    Hi asf, Thanks for Your input, however it's unbalanced in that You have made no mention of what could happen should RCP pull a 'Hare out of the Hat’, over the next few Months like, an increased Resource Base, which for example could see RCP climb to say 5 Cents. (Please remember that RCP were to be R.C. Drilling during this Month of November, have had good Weather so far, and DCM has recently in September provided $2,200,000 for RCP. 45,000,000 or so RCPs @ 5 Cents or so could be issued to Chimera to cover the up to $2,250,000 of Funding from Chimera which looks at present designed to possibly cover what presently looks a little like 'Handball Game' with DCM Metals which could cover the Funding exit of DCM Metals from RCP. Presently DCM metals could be somewhat 'Cash Strapped' and not able to find $10,000,000 which the new deal here with Chimaera presents, however DCM could still hold their Shareholding interest in RCP via their holdings in SRE. RCP Quote= 'Redbank has also entered into a Committed Equity Facility Agreement with Chimaera. The total commitment under the facility is $10 million over 3 years'. --that, seems a suitable 'lynchpin' for RCP to continue exploration and also have some Funding available for the initial stages of construction of a Processing Plant.

    Quote from RCP's Sept. Qtr. Cash Flow Report, follows, which shows a possible 'Handball game’, as was mentioned earlier in this Posting:-
    'Note: As announced on 30 September 2011, the Company has signed a Convertible Note Facility Agreement with Chimaera Capital Markets for an amount to a total of $2,250,000 and also an Equity Line Facility Agreement with Chimaera for a total of $10,000,000 over 3 years.
    The Company also has the financial support of DCM Deco metal (the major shareholder of Stirling Resources Ltd. Stirling Resources currently holds 32% of Redbank Copper Ltd) which advanced $550,000 to the Company since the end of the Sept 2011 quarter with a further $1,650,000 committed by DCM over Nov 2011 to Jan 2012'.

    No responsibility taken for any losses in association with this Posting.

    Regards,

    moly
 
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