Romarco Minerals Inc fka TSX:R

[SilverSurfer]

turns quickly --

(says they will dilute about $100 million near production)
on current market cap of $438 million - 584 million shares at .75)

on

" a $930 million pretax net present value (NPV) "

say they end up with near a billion shares, looks like a dollar is about all this is worth.... Thoughts?

http://resourceclips.com/2012/07/31/the-waiting-game/


"Garrett has been on the road taking up Haile. “Romarco has $93 million in the bank. We’ve got 4.8 million ounces in a resource that is continuing to grow. We’ve got strong economics on the project; we’re not really sensitive to the price of gold; and we’ll generate a couple of hundred million a year of cashflow once we get up and running.”

Garrett concludes, “It’s such a strange environment we’re in with the complete disconnect between gold prices and equities. I would hope that we’ve seen the bottom…and every time I say that, another 13% comes off the stock. But I also know that when things like this turn in our market, it usually turns as quickly as we’ve seen it decline. Share prices seem to be fairly rangebound right now, and as you see trades within pretty tight ranges, that’s an indication to me that we may have found the bottom here. I don’t know how soon we’ll come out of it but certainly this has provided the new floor from which we’ll all move up once the sentiment changes.”

At press time, Romarco had 584.3 million shares trading at $0.60 for a market cap of $350.6 million.