RCI 0.00% 52.0¢ rocklands richfield limited

where to from here

  1. 10,624 Posts.
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    benny has a 51% controlling interest

    he's got a coking plant that made $25m profit before the downturn and has a coke oven project on the go to improve margin

    Compare that $25m profit to a market cap of $90m at 25.5cps right now

    He has another project held back, for now, to increase overall coking plant capacity by 800kt to 1.3m t

    and he has the Rocklands EPC 890 coal tenement with 880m t inferred and another 63m t inferred at Hillalong

    and some-one who's keen to develop it, and buddy up with, but who can't do a take-over without benny - who also has 206 m options (cf 352m shares on issue), with a strike of 50cents, at sep 2012

    So is there more to this?

    you betcha
 
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