RCF; Getting to Know You, page-7

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27/09/23

16:08

Post #: 70056226
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Originally posted by sabine: ↑

Fund VI in the RCF stable?

Known (at least by me from now on) for it’s sharp teeth.
— I’m not sure when it was started but it zoomed into the Australian public eye back in June 2015 when it bought bought Ausenco, a debt-stricken, Australian-based global mining services engineer which it still owns and which appears from its’ website to be doing very well as a private operation;
https://ausenco.com/

spoiler: The Australian, June 15, 2016
https://www.asx.com.au/asxpdf/20160915/pdf/43b6b0qxmx8st9.pdf

Another of its’ takeover targets was the Canadian zinc prospect, Norzinc.
Initially (?) RCFvi made a thumping $20m investment (May 15, 2018), buying 20 million shares for 20c each, plus giving a $10m bridging loan, and taking an option on warrants;
https://norzinc.com/wp-content/uploads/2019/01/pr051518.pdf

….Six demonstrated the ‘long view’ there … the closing action of the takeover went through just last year in second half 2022 (* ouch *) https://www.mining-technology.com/news/norzinc-prairie-creek/.

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Rcf bought Ausenco for 150 mill and just sold it for 900 mill so not a bad day at the office.

TMT Price at posting: 26.0¢ Sentiment: Hold Disclosure: Held
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RCF; Getting to Know You, page-7

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