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0.00% 0.9¢ horseshoe metals limited

Thoughts on HOR and RNI merging? RNI has about 320m shares and a...

  1. Shady Merv
    11,557 Posts.
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    22/04/17
    08:33
    Post #: 24207360
    Thoughts on HOR and RNI merging?

    RNI has about 320m shares and a MC of about $22.4m (@7c).

    HOR has 194.6m shares and a MC of about $5.64m (@2.9c).

    1 RNI share for 4 HOR, say.

    RNI will in about 2 weeks change its name to Auris Minerals Ltd (AUR). Both companies, as merged, would therefore have been re-branded. AUR would then hold these red-circled tenements.

    rnihor.JPG
    Plus this one blue-circled one down Meekatharra way:


    rni chunderloo.JPG
    HOR Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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