IRL india resources limited

IRL and RCF

  1. 13,111 Posts.
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    If any IRL shareholder  is thinking about voting for the RCF share placement package , then I suggest they read THIS
    http://www.asx.com.au/asxpdf/20141009/pdf/42ssmlr0df1lq1.pdf
    This is what happens when you deal with RCF.
    If you think that existing IRL shareholders will retain even the smallest  part of the Aravalli project then forget about it.
    The deal mentioned between RCF and MZI will totally destroy existing shareholder value.
    Learn from this valuable lesson.
    The Keysbrook project a project originally owned by 100 million OLY shareholders a few years ago will now be almost totally owned by RCF and 13.5 BILLION shares.
    IF you think that La Jolla deal was a bad deal then I'm sure you'll find the RCF deal will play out to be 1000 times worse in the future.
    And do you really think IRL Directors are worth 55 million shares for dreaming up this lousy deal????
    Frankly I don't think any IRL Director is capable of any foresight. The last 8 years proves that.
 
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