AS1 8.33% 1.3¢ asara resources limited

I can't see this retracing back below 4.5 cents.I have been...

  1. 2,381 Posts.
    I can't see this retracing back below 4.5 cents.

    I have been going through RENOUNCEABLE RIGHTS ISSUE PROSPECTUS which was issued in May.

    The below snip, gives a great indiaction that we should be hearing more great news very soon regarding an additional Royal Falcon major project. The last paragraph give me goose bumps__./

    The alliance partners have incorporated a purpose specific company, Royal Falcon
    Mining LLC ("Royal Falcon") (Golden Rim 35% and PAL Technology Services LLC
    65% equity interest respectively) in Abu Dhabi, UAE, to undertake operations for the
    alliance partners.

    Golden Rim is responsible for the management of Royal Falcon. Funding of Royal
    Falcon is by way of loans from the alliance partners, supplemented by project funding
    as projects are developed. The alliance partners contribute funds to Royal Falcon in
    accordance with their equity interests.

    Royal Falcon has completed detailed assessments on gold, base metal and iron ore
    projects in Sudan, Ethiopia, Eritrea and Sweden over the past few months. A number
    of exciting opportunities have been identified and the alliance partners are in the
    process of trying to acquire several projects.
 
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