 |
 |
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register > |
 |
|
|
54 Pages (Click to Jump) 
« < 51 52 53 54
|
 |
RMS, RAMELIUS RESOURCES LIMITED |
 Posted: Mar 20 2004, 10:39 AM
|
|
 Posts: 915 Thanks: 4  |
Breakaway resources yesterday had good drill results from their mining area in Spargoville...this gives further support to my proposal that RMS have a good chance of encountering mineralisation at their Hilditch project (currently being drilled). Hilditch is also in the Spargoville region.
Cdchi1 |
|
|
|
|
Posted: Mar 2 2004, 05:12 PM
|
|
|
Posts: 915 Thanks: 4 |
good announcement today, just before rights issue recipients (like me) get their shares...should limit any downside (will stop some from selling out).
PLENTY of upside if they hit nickel...those interested should see the ann and the embedded map jsut to cehck where they are drilling. Cheers Cdchi1 |
|
|
|
|
Posted: Feb 18 2004, 07:12 PM
|
|||
|
Posts: 915 Thanks: 4 |
plenty of potential with this one...very prospective ground, with two known small gold resources...but it has plenty tenements that could host company making projects... Im definitely taking up rights being offered by broker. This and the next quarter will see plenty of drilling activiity. C |
||
|
|
|||
|
Posted: Feb 15 2004, 11:10 PM
|
|
 Posts: 189 |
Applications under current SPP (1:1) were to expire Tuesday 20th Feb. So tomorrow was to be the last day for express post on RMS. However, the closing day for Rights Acceptances has now been extended to 5.00 p.m. Adelaide time on Friday, 5 March 2004 (announced 11/2). $2.5M underwritten of the $4M.
Offer price is 11c. Shortfall shares can also be applied for. No options included. To raise $4M. Current Market cap is $2M - seems low considering RMS have a modest Au resource to mine and some exploration prospects. The offer letter boasts that 11c is a 24% discount to the last price on the ASX prior to the date (24-Dec-03) of the announcement of the offer. This one is a close call. Has been drifting down for a few months and closed on Thursday (12/2/04) at 11c. Gyrates badly and has never had any good direction since listing (31-Mar-03 at 20c with 1:2 free options). Ordinary investors never had a chance yet to get out at a profit. Someone badly dumped this company on the 21st January - price spiked way down on high volume. Wonder what price the seed investors got in at and what proportion of the shares they hold? 10c may still be double their money perhaps. Ordinary investors in the IPO have had a sorry run in RMS so far. Any way, with the extension of the closing date I don't have to decide tonight so I can wait and see till Wednesday 3 March for my decision.
Attached image(s)
-------------------- Media-jolt free day - Your living is the factory, the product being manufactured is you the consumer.
|
|
|
|
|
Posted: Feb 15 2004, 10:03 PM
|
|
|
Posts: 996 Thanks: 2 |
RAMELIUS RESOURCES LIMITED
|
|
|
|
Back To Top Of Page |
|
| You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE. |