re: Ann: Quarterly Activities and Cashflow Re...
So we've pretty much run out of cash, only $224,000 left. They are going to have to raise more capital soon. Either a capital raising or JV/sale of Kamarga. Seems they've been pursuing that line for quite a while now with no luck. Great to have all this potential ground at Tuina but not much good if we have no cash to drill,define and develop it. They keep mentioning early cashflow but to get there we need cash now. Let's hope they can unload Kamarga and soon because we already have over 3 billion shares on issue and to issue more for a CR is just diluting us all to oblivion.
RMG Price at posting:
0.2¢ Sentiment: None Disclosure: Held
