RUM 8.70% 2.5¢ rum jungle resources ltd

Ann: Financial Statements Year Ended 30 June 2016-RUM.AX, page-6

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  1. 2,617 Posts.
    lightbulb Created with Sketch. 4
    Simple - it's their company - if they want it. I'm not suggesting they've done anything wrong, but RUM and it's assets are at the critical, high risk point of the venture and as a 2c share, small s'holders are irrelevant - even a nuisance. What gave the game away was the last cr which did not involve a rationalisation of our expensive management. The big shareholders are waiting completion of the feasability study which if positive will see the phosphate and possibly the K2SO4 assets sold to them for development along with most of our management. We will be thrown a bone and who knows - back to exploration is my guess.

    DYOR - my crystal ball is no better than anyone else's.
 
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Currently unlisted public company.

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