The Chairmans Address and the additional Presentations at the AGM ( Shoddee :- RIM comparison with Peers) are good reading and require your full attention & in my view strongly support the Board & Management
In addition perhaps partly due to the disruptive shareholder (and of course the gold price & malaise of the Junior Explorers) Rims share price has "SAGGED" to 2 cents!
NOW A RIGHTS ISSUE AT TWO CENTS PLUS A FREE OPTION PROVIDES A WONDERFUL CHANCE TO TOP UP INVESTMENT AT WHAT SEEMS A MAJOR OVERSOLD POSITION.
Imminent JORC & further drilling results pending plus additional holes!
Add to that a rebound in gold price to US$1190 at close Friday!
If one believes Rim share price oversold then the "free option" is a major plus for those taking up issue with no dilution.
Worth Emphasising
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Mkt cap ! $62.96M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 89651 | 2.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 533779 | 5 |
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