conversation with ge, page-2

Great post T7. In my discussions with the guys, it is a definite that RED will be drawing down on the $8m Sprott facility, and we'll get an announcement on that quite soon. The share price is where it is, because cash is tight and the next few months have to go to plan to avoid a capital raise. The institutional shareholders (particularly those that got slotted at +$2) have had enough and are very upset with the management team. But at these prices, a lot of that risk has been priced in (in my view). I am a buyer at these levels .... but am watching the Philippino weather patterns very closely.