RDS 0.00% 0.4¢ redstone resources limited

what is the feeling on the future of this comp, page-8

  1. 9,286 Posts.
    it is difficult to work out what his company is actually doing

    did I read right?

    they have potash & phosphate they call "world class"

    they sell 35% for $250K

    then sell 40% for $6M

    the sell the rest for US$15M or 1.5 millions shares

    that's RDS 80M shares into US$21M = 30 cents a share

    why are they selling the farm for peanuts?

 
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