When I look a the deal from the outside I see it as one of a good fit. IGO wanted to be ex- gold because they weren't going to commit the capital to mine under the open pits.
RRL wanted to fill a production growth gap before Mc Phillamy's came on stream.
Your CEO has said he didn't particularly wan to forwards sell a lot of production to cap gold price upside (to meet the demands of fund mangers) so you have to do a bit of a raising. If the gold price goes up (likely?) you accelerate drilling under the Open pit's at Tropicana while you bring on McPhillamy's. If parties know you have the gold to deliver theýll rate you for it. (Going form the price of resource to reserve is a relatively straightforward way to add value). Especially if you have a good track record which you have.
All IMVHO.
RRL Price at posting:
$3.17 Sentiment: Buy Disclosure: Not Held
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