RSG 0.31% 80.3¢ resolute mining limited

capital raising

  1. 24,162 Posts.

    thanks for alerting watso to the rsg report on the kcn thread

    looks like it will amount to a massive dilution to existing shareholders, but one has to assume that is the way it is in todays market.

    It might be a long time before the stock gets to $2 again. mmm a placement of 30m shares at $2 a few months ago would have done the trick , indeed, maybe a placement of only 20m shares and then have the money in $us, would have been a good idea. all very easy in hindsight. some poster highlighted a funding issue a few months ago, when in the print, at the back of a report, there was a small mention of some loan facility

    in round terms, about 200m extra pieces of paper will be issued (shares , options and convertible notes)

    who was that lucky poster, who had a sell order at a good price - and the order was just sitting there, and on one day, there was a late surge, and he got taken out.

    frankly, there are some donkeys somewhere. rsg used to have a large part of the challenger deposit (dominion), but had to sell that to raise funds. bulong was a disaster (lucky they flogged that to some other mob called preston - but rsg may (or may not) have lost a few dollars

    keep the question of funding in mind, when it comes to kcn. kcn are in a better position, as they have a mill ,with no debt. cash flow should still be strong without any expansion
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