MFE 0.00% 1.0¢ magnetite mines limited

Pavlovas, You didn't get my point. ROY spent $2.5m on admin fee...

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  1. 2,689 Posts.
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    Pavlovas,

    You didn't get my point. ROY spent $2.5m on admin fee for a small company. A while back I already saying they need to cut admin fee down by at least $1.5-2m pa. If they had done so a while back, that is saving of $1.5-2m, enough to avoid this 4c raising.

    "One capital raising in 5 years" - ROY did share placement in 2013 at 4.9c; 12.5c placement in 2012.... all lost money now.
 
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