Interesting to read the Announcement by EXU about this.
"The Alkane placement funds (A$8M) will be used to complete the Tampia ProjectBankable Feasibility Study and to aggressively accelerate drilling across the Tampia region.This is expected to advance the Tampia Project to a final investment decision during thefirst quarter of 2019."
It sounds a good decision from RMS if EXU need the $8M more drilling to define enough resources for a Bankable Feasibility study. We are better to wait and see how things pan out there and if the results are good try again when the financing costs have been taken into account with the share price.
Ann: Explaurum Takeover Update, page-6
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