RRS range resources limited
Add to My Watchlist 0.00% ! 0.1¢

trinidad & monitor energy

  1. TerryA
    1,261 Posts.
    clock Created with Sketch.
    12/10/10
    13:57
    Post #: 7316345
    Monitor Energy (ASX:MHL) seems to be dragging the chain in both raising funds and obtaining shareholder approval for its 90% purchase of the Trinidad assets.

    My own view is that MHL is going to struggle to raise the $90 million it needs, especially as it involves issuing 2 billion new shares at a (roughly) 50% premium to the current SP.

    It is unclear to me where a failure to proceed by MHL leaves RRS and I would welcome any informed views in this respect.

    Regards,

    TerryA
    RRS Price at posting: 9.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

FBM Assays confirm strong gold anomalism at Canyon within Miriam Project
right-arrow Created with Sketch.
NEWS Ausgold set to commence extensive multi-rig drilling campaign at Katanning
right-arrow Created with Sketch.
3DA Amaero’s big move: Exclusive deal, big targets, and a lot on the line
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 025 – Locksley rap video gives Hilltop Hoods run for money
right-arrow Created with Sketch.
NEWS Where the Australian property market resurgence is heading and why it matters now
right-arrow Created with Sketch.
NEWS Locksley significantly enlarges exploration program after historical discovery
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.