RUM
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8.70% 2.5¢ rum jungle resources ltd

yes but with the dilution you must factor in the CEN/NUP...

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  1. m3ntor
    2,689 Posts.
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    06/10/14
    23:46
    Post #: 14083184
    yes but with the dilution you must factor in the CEN/NUP takeover.
    RUM is diluted, meaning more shares on issue, but the share price represents a share of a company that is much more asset rich than 2011.

    IMO 30c is still cheap. having said that, market isn't long term thinking, and if a JV partner wanted in at 30c a share, it would be worth it just because despite the good surrounding infrastructure (rail) , to mine the stuff would cost a fortune.

    sorry i posted before as not held, i do hold RUM. I was a CEN/NUP holder till the takeover.
    RUM Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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