Would like to know what they got for it probably peanuts. I have to agree with wassa we are in a bad position even if they could do a capital raising it will be at a couple of cents (best case scenario) or if it were at 20c they would cancel a large portion of existing shares. I am just speaking from experience when Paladin energy almost collapased they cancelled 98% of existing shareholders shares . Pacific bauxite PBX is born again after administration as I had a very small shareholding now WYX they consolidated the shares at 50:1 then raised capital so we are talking very big reductions in the number/value of existing shareholders shares that is if they can get it up and running again.
The only silver lining if they did re-list and you believed in the company is to participate in the CR or buy on market and hope the SP climbs I did this with Paladin and have clawed back all my losses and have a small profit currently to be honest not a good place to be.
RVR Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
