DJ no one knows what will happen, all the above is pure speculation.
I would be budgeting for 100% loss of capital and take anything above that as a bonus.
The company as it is, is worth close to zero as it has very little money in the bank and has done 2/5ths of nothing on their aussie projects. We also havnt heard anymore about the legal action on the silver project.
Assuming that there are no legal hurdles and this Jeremey guy isnt just joining the company for fun then a recapitalisation may take place. This will be dilutionary to existing holders as ROS is merely a vehicle to get another asset listed.
There would however have to be some value for existing ROS holders otherwise you would not vote for the re-capitalisation plan and associated purchase of whatever asset Jeremy may have to bring to the table.
Lets just wait and see how it unfolds. I would say there is a glimmer of light but as always DYOR the above is IMO. THere may be no re-cap plan being formulated and no new asset. They may just wait until all the moneys gone then wind the company up, who knows
ROS Price at posting:
35.0¢ Sentiment: Sell Disclosure: Not Held
