I'd say inflationary costs are slowing eating R3D from the inside out like a tape worm. All the money they have is going into the setup of the Copper Sulphate Plant which is behind schedule and over budget. All the deliverables have been missed.
I've written them off as a tax loss for this year and expect the company to fold prior to the end of this year.
Ann: Option to Purchase the Beefwood Project, page-4
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