PC40, ADD are about 6 months ahead of RMG, they got drilling results back near the beginning of the year, right before they changed there name from pocket mail to avedale resources. Then they did a share restructure and raised capital.
Now ADD and RMG have the same management and i was always worried that when RMG got initial results back they would also do a name change and share restructure/capital raising.
The reason people think RMG have more potential is because Holloman hold more shares, but they hold them cheap (2c). I'm not sure which company Holloman actually have more capital invested in because i still don't know the price at which Holloman hold ADD, it would be closer to 4-5c because that was the SP when they got onboard.
A lot of junior explorers without capital are going to shut up shop now with commodity prices dropping so much and no potential to raise capital on market. Holloman might decide to focus on just one company and i'd be guessing ADD would be it as they're ahead and have more capital ($6.3m).
With commodity prices dropping so much i think one of my main stocks TMR is in quite a lot of trouble now. All my other stocks can ride this out as they're debt free with lots of capital. But companies with Debt and not much capital might shut up shop.
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PC40, ADD are about 6 months ahead of RMG, they got drilling...
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