Club Mulgoa

Saturday, May 28, 2011

RAU

I am a millionaire when it comes to number of RAU shares I own. It is raising new capital at 0.5c. Each raising had resulted in further fall in its share price.

What is fascinating is the most recent drilling result.... and the share price went below the entitlement price!

Bolivia is a socialist country, almost communist. RAU has been insisting it has a good working relationship with the socialist government. Truth?

The grades are good but it is not extensive. However, the deposit remains open at depth.

Yes, I would be investing in the rights issue unless I collect new shares at 0.4c. I am not selling any shares.

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