Ann: Successful A$5M Capital Raising, page-2

Well I got that wrong, 13c not 11.5c

Albeit only 2m through the CR, but still, a pretty good deal there if you ask me.

What's interesting to me is the loan facility. RRR now have a touch over $2m, drilling on the anomalies identified to start in June, and a debt facility of 7.5%

Keen to fear opinions here but management are clearly trying to about further dilution and therefore feel they're at the bottom of market cap. They must genuinely feel that in 2-3 quarter's time, when I would expect cash to be down to the last quarter again, they either expect to be making money getting their resource mined and trucked nearby, or they plan for a second CR at a materially higher price

I was sniffing about here looking for 11c ish entry but with this news, I think it's a Buy from me. Doesn't look like the volume is there though