RUM 8.70% 2.5¢ rum jungle resources ltd

Ann: Renounceable Rights Issue May 2016-RUM.AX, page-19

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  1. 2,617 Posts.
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    I don't get this raising. Surely WHSP would be better off buying what's left of RUM - they could slot us into their existing business's and remove much overhead - would obviously keep the technical guys - but the directors and our $250k CFO (25% increase on 2014) would be significant savings. We're a $9m co. for goodness sake and accounting/secretarial s/be outsourced. I have a bad feeling about this one.
 
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