Ann: Quarterly activities report, page-180

Well... if nothing else, it cannot be said that RED is not reliable in their ability to time capital raisings at the lows....
Again... and again... and again.
Wow.

Whilst I am not surprised at the raising, I am disappointed they did not do it just a few weeks ago. Their inability to raise at higher prices really says to me that they.... almost try to do this because it benefits..... ******** I wont say more as I prefer to keep enjoying HC.

Suffice to say, it will be interesting to see how much they raise.
At a guess, $50m at $0.15. They should have found a way to refinance the debt and perhaps have a small capital raising...
Anyway, I guess for now it continues to be traders paradise.
I find it very hard to want to hold RED over the longer term. The board need to take a hard look at themselves.