I'm afraid they have buggered up a good deal by backing it into the wrong vehicle. About 2 billion shares fully diluted has murdered what should be a star shooting north.
A reconstruction is a certainty if they want to raise cash soon. Thats good for new shareholders but a death sentence for existing.
Youd think a couple of smart accountants could have done this a bit smarter.
I can think of 3 or 4 small cap resource companies screaming out for a compay making deal like this why shove it into a bucket of shite like RCH?
Could be a long wait for this corporately to be fixed.
Bit had raise cash with 2 Billion bits of paper out there. Could do a 2 cents raising and through another billion bits of paper out there.
This cracker of a deal deserved better than this
RCH
richfield group limited
I'm afraid they have buggered up a good deal by backing it into...
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