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You keep pushing this and no doubt topped up already to sell...

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mandalay718

322 Posts.

28/06/15

21:18

Post #: 15544982
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Originally posted by Fibonarchery ↑

RNI worth a look if you are ok with some debt

Jason Peterson's CPS Capital took placement for $1.2 million at 7.5c just 6 months ago, debt situation was same then as it is now, around $18 million owed to Taurus - Taurus isnt a bank or typical lender but a resource invesntment fund, very supportive of RNI.

Now trading at 2c with big rights issue underway at 2c with free 3c option

2 million ounce high grade JORC, ready to mine with existing 1mtpa processing plant and infrastructure

Controls 100% of the single best nearology tenement to the new TLM/SFR discovery

Headed by ex-SFR Chairman Miles Kennedy and other resource industry heavyweights

Current market cap $10 million with EV at $28 million incl debt.

Rights issue to clear debt and advance exploration

Drilling underway now at 3 high grade gold projects
$38 million funding and 9 months is all that is required to begin production

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You keep pushing this and no doubt topped up already to sell tom. Who writes this kaka for you?!
You send a lot of people broke I reckon. Happy to check out of hc now.
7 Upvote

0 Great analysis

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