Exactly NW
1st QTR report due in the next week or so may shed some light on whats going on.
I doubt production will commmence next year given that site works and drilling hasnt commmenced. Wet season approaching.
There really appears to be no direction or plan going forward. Surely if they cant raise the finance to commence production via financiers, then they need to go back to the market to raise capital via a rights issue.
Cant keep burning around $300K per month for the next 12 to 24 months and rely on LJ note conversion at discount SP rates. The end result of this will be worse for shareholders than a rights issue.
Need a plan B or C Bruce... Thats why they pay you the big bucks
could nup give rcp a piggy back ride?, page-3
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