Not sure why the cap raise scenario is gaining momentum.....Whilst we can acknowledge cash balance will take a dip this qtr there is plenty of working capital for short term needs in addition to the $ 10m facility.
Rvr has stated a 12-18months study time for Hillgrove and as history shows management are cautious in their approach so really can't see a rushed change from their stated plan, certainly not a full scale mining operation so no need for a great deal of funds immediately....
So personally can't see a cap raise anytime soon...maybe some are just hoping for some cheap shares.
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