R3D 0.00% 5.5¢ r3d resources limited

Ann: Readmission and Takeover Offer Update - Sup. Prospectus, page-4

  1. 280 Posts.
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    I like Bartrop and (from what I can tell) I’d agree that he’s a straight shooter. Don’t know much about the others tho. But I have to say, I’m not filled with confidence right now. I’ve seen some considerably mixed messages on the demand for shares, and of course this is not the first time they’ve fallen over in the closing stages while attempting to capital raise/list these assets...

    https://hotcopper.com.au/threads/ipo-tartana-resources-limited.4843666/

    The business case for the R3D attempt looks sound (I particularly like the cash-generating assets to support the exploration activities, and the case for copper is unquestionable) but still, something isn’t right.
 
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