Fair enough Scarva old girl....
Also fair to say that Range has been hanging on in a down market quite well up until today. I expected a big slide into the decent sized volume at .008 any day as it was. The shares followed the options for once.
I don't think Aussies understand the rigorous compliance regime the Canadian TSX puts major deals through that require capital raising. Unlike the ASX they require very substantive evidence that the entity has the capacity to undertake the works proposed and that all parties involved, including Range, have due ownership and management capability to have every chance of succeeding at what they are proposing to market investors.
The ASX checks the spelling on an announcement, the TSX actually runs a risk analysis. Shows how disadvantaged Aussie investors are really.
I also understand that the TSX is pretty snowed under at the moment due to the bulk of announcements/capital raisings being generated by their resource driven listed entities.
Anyway, call Range or Canmex and they will verify what I have just disclosed. There are no nefarious reasons for the holdup, and once the TSX allows Canmex to announce, then I think we might actually start to glimpse some blue sky.
It's always darkest before the dawn...
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