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Is the ground any good? Or was this an exercise in paying $1 million to create the story to enable a raise of $3.5 million? The various relationships between RSG, PRI, and these guys makes for a bit of head scratching if you're not up to speed. Placement at .6, trading at .9 to 1 cent seems a bit rich when these guys have prospects only and are operating in Africa. Still 7 million cash to spend on drilling with a market cap of 30 or so million in this environment is not bad.I'll do a little more research on their land holdings to see if this is worth a punt, but I think RSG are a poor company and would prefer to not be involved with a company they 'control'
Is the ground any good? Or was this an exercise in paying $1 million to create the story to enable a raise of $3.5 million? The various relationships between RSG, PRI, and these guys makes for a bit of head scratching if you're not up to speed. Placement at .6, trading at .9 to 1 cent seems a bit rich when these guys have prospects only and are operating in Africa. Still 7 million cash to spend on drilling with a market cap of 30 or so million in this environment is not bad.
I'll do a little more research on their land holdings to see if this is worth a punt, but I think RSG are a poor company and would prefer to not be involved with a company they 'control'
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