Ann: Trading Halt, page-22

you have to be a "sophisticated investor" to participate, which is more than $2.5million in assets or income over $250k pa. Companies can issue shares without a prospectus under the SI rules

The ABC did a great expose on this legislative joke :

https://www.abc.net.au/radionational/programs/backgroundbriefing/macquarie-bank/9811240

These rules are unlikely to be changed. You can borrow a $1million to buy an off the plan dud apartment with out any consumer protection, no problem, but want to access speculative share issues, sorry you are not sophisticated enough!

back to RNU, great strategy to focus on the gold. Important thing is there are nearby mills if they prove up a reserve to mine. Remember even a 20,000 ounce open pit deposit with a strip ratio under 5 and grade of 1.5gpt can generate a $15million profit at todays gold price even with a toll mill deal.