RAMCO - exciting prospects with valued exploration assets

jules...basically an IOU...with start and end dates.They can be traded on their own...but not in this case. One Warrant is an option to `exchange one share at the price of 32p...whatever the share price might be. between the agreed dates...what you then decide to do with the share is your business.


(to be honest I can`t remember if it was 32p or 34p...in this case..on second thoughts I believe it was the latter...I`ll take a look at the old reports and come back on that one.)

ps. Ithought it was good deal at the time.It gave us the impression that RBS acknowledged that having followed a multitude of professional advice from highly respected,profesional,government agencies and qualified personell...not to mention the poor gas deal they had with RWE that has since quadrupled in price, the misfortune that Ramco had gone through at 7h as being not all their own doing and at the end of the day...were only a link in a chain.... After a very long negotiating period...and in view of the fact that Bertie made the loan against the 7h gas it`self...(the projections never materialised) ...and Ramco OilServices..Ramco Energy survived. RBS took a `hair cut` for about £40m...and a final `sign-off` that closed the chapter was the 1m warrants....that I believe have an execise date begining mid 2008.It was comforting to know that by asking for the warrants, RBS still had faith in Ramco.... one of the the factors that kept me here all this time.