Interesting how the issuing of 15m shares hasnt raised an...

Interesting how the issuing of 15m shares hasnt raised an eyebrow.

Has anyone had a really GOOD look at what was ratified at last years AGM by shareholders ?

If you own shares in this company and do not have a good hard look at what was ratified by shareholders last year on 7th July 2011. See :

http://www.asx.com.au/asxpdf/20100528/pdf/31qkytynsjtssg.pdf

Not sure if the link will work but just goto asx.

So back to those 15m shares. I thought initially it was some sort of legitimate cap raising at a price close to the current one (not great unless you are short) but it turns out it isnt that at all.

As if the PAIN of this current price isnt enough, RIA has chosen to put out a 'carrot dangler' announcement re drilling and then let everyone know that their piece of the RIA pie just got smaller and those that got the new slices of RIA pie paid a LOT less for them !

That AIM listing that's planned will dilute more and more its like no other stock I've seen re issuing shares and so on.

Can someone here please let me know exactly what price these shares were issued for and to WHO ? My suspicion based on the last years ratifications is that it is at around .20cps tops (if anything?) but need to do more reading on it as that document is not easy to decipher.