so what to do?

Hey guys! Long time no chat!

Iv been hanging on to this one for a very long time. Too long I think sometimes...

So again we have another rights issue...

Cant be to surprised this has happen. RMI has been using a whole lot of stopgap measures to top up its bank account for the last year or two.

So can we discuss the pros and cons of picking up this issue?
Because I suspect like many of you, I am wondering whether or not to sink more money into RMI...

Pro's?

- Sinom underwriting the issue (someone may need to explain this to me, if not enough shareholders take this up, could this potentially stick sinom over the 20% mark?)
- Mt Gibson still involved (I think), where sinom also has a large stake with them, will they be taking up the offer?
- Average down my holdings

Cons?

- Management have been very quite. Apart from the resource upgrade and leaching there has been nothing.
- SP been sinking, no support from management
- It was mentioned 2 AGM's ago that there was a series of tennamnts applied for in WA, nothing since then has been heard about them

Big Con?

- Suppression of SP by management for an eventual very cheap take over by Sinom???


What do you guys think?