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28/06/15
21:18
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Originally posted by Fibonarchery
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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.