Ann: Taurus Facility Extension, page-58

T, and any other market player, can get things wrong too. Look at BHP: Beenup Mineral Sands, Magma Copper, HBI, Rio takeover, to name but a few major stuff-ups. T is still there because it's owed a lot of money which is earning it 13.5%. Of course it wants a solution but it knows if it enforces security it won't get back $18 mill. So it extends, and each time it will take a fee in cash or shares for doing it.

If a JV partner came in, MetalsEx for example, you can bet it would force T to take a haircut and the result wouldn't be great for RNI shs.

If RNI got $60 mill debt and sp went to $0.20, RNI MC would be $100 mill. And enterprise value would be $160 mill. Big val for an as yet not operating gold plant, regardless of theoretical NPVs.

RNI cash position will be really hurting too....

Just some thoughts. Far too many oz explorers hurting badly at the moment and don't want more calling in administrators. When will the govt do something to help a sector that's provided so much value and work to oz regional and rural areas?

DYOR and good luck to all shs