RAI
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0.00% 2.3¢ raisama energy limited

strauss, Nah didn't go to AGM. I'm waiting for wildBill to...

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  1. sidthefish
    3,072 Posts.
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    02/12/12
    16:36
    Post #: 11136641
    strauss, Nah didn't go to AGM. I'm waiting for wildBill to report back on that front.

    *the AGM did approve a 10% dilutive cap Raising, but I haven't seen a placement price mentioned yet. That will provide some interim funds in addition to whats left in the kitty. 10% dilution is not so bad, I can live with that.

    *A new project is in the pipeline.

    *The Cadlao debacle will be resolved, looks to me like they'll take the ~7 mil cash.

    Unfortunately a year has been wasted courtesy of Blade / VIKING.
    RAI Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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