After watching the rtl whither up and die a slow and painful death, the emergence of a new entity, with the same name, has been interesting.
With day traders all over this around the time of the initial announcement of a change in direction of the company, it has lost favor with the general market downturn.
However, despite delays this company has delivered on a potentially company making transformation. It is currently not on the radar of any broking houses as it is too early to have any research notes on it. It is nothing but a speculators dream at the moment. However, with coal undoubtedly the hottest sector this year, is is going to evolve in a very interesting way.
It's current market cap is around 15m. The share consolidation will result in 20c shares so it will be just less than a 10:1 at these levels. This will be fantastic for the company As it will reduce the number of shares on issue. I suspect this will also coincide with a renaming of the company and some broker roadshows. All of this to start in the coming few weeks.
With increasing interest in RIV assets frimmthe Chinese recently and the Indians already, this space in the world, Mozambique, is getting a lot of attention . There are already some of te worlds big mining names in the adjacent vicinity which shows it really is on the map already and this is a new name to throw in the mix.
If anyone has any contacts at Pattersons brooking in Perth I woukd be interested to hear what they are saying about this story. I know they were massive net buyers several months ago at around 4c. I have re-entered the stock as with steady news flow this story should unfold into a multi bagger and reward the early movers IMO
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