archbald, that money will be vital for the future operations of range. the $20m will only last so far, sure we are free carried for the canmex deal, but we still have off shore and minerals, all of which will burn capital.
So, how long will the $20m last, half will go to consort, the other half plus what little money is probably left in the bank will probably last another 4-5 months (it will be interesting to see the quarterly's which are due soon). range will need to consider cash sources soon and the logical option is oppie excercise. Could we then be well and truly in the money in the next two months and which will make the oppie excercise viable?
RRS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
