anyone got thoughts on how RUM will raise the capital needed to get either project into construction/production phase?
Convertible Bond/SPP/Debt?
My gut feel is that there will be a JV with a company through the CICCC connections.
I am concerned that if the price get much lower its going to be to difficult to raise the capital required. As it is its going to be difficult.
Its easy to say that patience is required as production is not until 2016, but the mire fact that they have identified a time frame is far more than the majority of junior explorers.
By 2016, if either the projects are a reality, the share price will be over $1 - fact.
most posters on here feel the company has huge upside, however the share price is cactus - im not sure where the next price drive will come from as at the current share price levels I can possibly see them raising capital required without a Take over... constructive comment would be appreciated.
RUM Price at posting:
11.0¢ Sentiment: LT Buy Disclosure: Held