Whatever the Bolivian update holds for us, it had better be good. If the SP can't hold above 3 cents, then all of the options will be out of the money. And that is definitely bad.
RAU has $2.69 million in cash and plans to spend $1.3 million on exploration & development plus another $390K on admin this quarter, leaving $1 million in the bank by 31 Dec.
Another share placement is definitely on the cards. I only hold the 4 cent options and I won't be exercising them in a hurry.
BIG Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held