RUM 8.70% 2.5¢ rum jungle resources ltd

Ann: Renounceable Rights Issue May 2016-RUM.AX, page-21

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  1. 4,245 Posts.
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    Fairly confident that this crap fertiliser stock will be sub 2c once all the Whoo ha of the RI is done & dusted. As retail SH we are now play things of the big end of town. The game in question always has a similar ending. We are cash cows that are milked until it hurts & then milked some more. Can't see that this will end nicely. Dilution will destroy already equity that is already ruined. What is stopping them squandering the 11 million ? They receive great wages throughout the process. Then raise more cash the same way namely discount & dilute. I'll wait & buy more cheaply if at all. Not a fan of throwing good money after bad I have to shut the bag at some stage. More fun going to the track !
 
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