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Nathan Tinkler Hire Boosts Confidence in Rumble Resources

Nathan Tinkler Hire Boosts Confidence in Rumble Resources
May 25, 2015 By Imran Valibhoy

Well known in the mining industry, Nathan Tinkler was brought into Rumble Resources (ASX:RTR) as a corporate advisor to shake things up. Between October 2012 and June 2013, shares of RTR plummeted over 90 per cent from its all time high of $0.272 per share down to $0.024 per share. Shares of the miner floated between is all time low and around $0.049 per share until earlier in the year. RTR didn’t benefit from the early year share rally. In March 2015, shares of RTR saw a turnaround and began following an upward trend.

In April, Rumble brought on former mining billionaire Nathan Tinkler as a corporate advisor. Mr. Tinkler’s expertise is seen as a much need addition to the company. The hire coincided with a $1.7m capital raising from mainly Asian investors, a particular area of expertise for Mr. Tinkler. The coal baron had previously rebuilt his businesses throughout Asia while headquartered in Singapore. “The value creation that will come from Nathan's involvement will be transformational for Rumble as he is incentivised to grow the value of Rumble substantially, and will no doubt attract further global investment in the company through his deep network across Asia,” said Chief Executive Officer Shane Sikora.

The company has a large area of land within this region, with over 3200 sq km’s of ground. The two main projects in this region are Zanthus Project and the Big Red Project, both of which hold the potential to be the largest sulphide nickel discovery in Australia in the last 20 years. The addition of Mr. Tinkler as a corporate advisor has been seen as a logical approach to manage the potential growth the company will face in its Fraser Range assets and to deal with future capital raisings from Asian investors. Since the middle of March, RTR has jumped about 176 per cent. Shares of RTR are up .3c, or 3.66 per cent, at $0.085 per share around 1:57pm on Monday. Shares of the company have advanced 151.52 per cent so far this year.

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Imran Valibhoy Author: Imran Valibhoy May 25, 2015

Since Joining the firm in 2006, Imran has worked on a range of M&A and Capital Market transactions in the natural resources, mining as well as projects in the renewable energy sector. Prior to joining Wise-owl, Imran worked at Euroz Securities in Perth, aiding in the advisory and valuation of companies in the mining and industrial sectors in Australia. Imran has a Masters in Banking & Finance from City University's Class Business School in London and a Bacheloor degree in Commerce from UWA.

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