re: Ann: Quarterly Activities and Cashflow Re...
So nothing really new in all this BUT, there are 390 million 2cent options due in 12 months. Now obviously RMG will want these converted as that is a fair pile of cash if they are converted. THEREFORE they have 12 months to get this share price attractive enough for those holders to convert meaning a SP of somehwere around 4 to 5 cents. RMG a 20 bagger in 12 months ???? Not on these current projects, unless Century decides to stump up a bucket load of cash for Kamarga, so they better be pulling a massive rabbit out of the hat in the next year.
RMG Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held