25 Working Days will determine RNI future, page-61

The clock ticks away. Excluding Easter Tuesday (7th), there are 14 working days left now - sniff, sniff?? Something close??

One thing that I had overlooked in my 'where can the funding come from?' exercise is the potential to raise up to $6.375m by 15 Oct 2015 and $1.375m by 19 Feb 2016. There are options expiring on those dates, the price being both 15c in each case.

If the Board had an expectation that 15c would be breached and surpassed by Oct this year (from funding for T and plant production), then maybe it wasn't a bad idea to issue options after all - almost a sure way of raising cash without external funding. If all are exercised then another 51.67m shares will hit the board, but that can't be helped. At least the price is higher than what we have seen here for some time, and no management fees for the raising either. The holders are the last 3 lots of placees and BOE and CPS too I think, so they should be real live chances of being exercised if the price escalates above 15c and looks like staying there.

The T and gold funding, if coming soon and terms not onerous, should see 15c sooner rather than later imo.

There are 3.597m options expiring on 27th of this month with a price of 43.74c. No chance that they will see any money come in. Argonaut got these options in early 2012 for managing the BlueCrest purchase raising.