Ok we had just over 500k at 31 dec 2013. By now let's assume this is back to 300k- does the company do a capital raise now at probably 0.05 to start drilling Fraser in march- I think they need to raise at least 3 million this time around. For credibility it would be great if the co. Gave the ord shareholder a chance to participate in a spp or rights issue. It's crunch time this year for ram - either we will be on a market cap of greater than 10m or probably extinct. On the other side, it would be possible to offload a stake in Fraser say 20% for cash which would enable a smaller capital raise. It's a tough decision either way for co management
RMR Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held