Yes, "the only obvious hurdle" does indeed appear to be "current cash balances". And that's where IMO its likely HP will fast-track matters by coming in with the necessary cash in exchange for a big bundle of dirt cheap shares. I stress however, that's only my opinion - based largely on my assumption that HP has been working on this situation for some time. I don't pretend to be an expert but (as I've mentioned previously) I have seen this kind of situation before. However, a few words of caution as the gold euphoria grows ... We still await important drilling results; there will be a number of brokers out there trying to restrain the SP so they can get clients in as cheaply as possible; a number of long-suffering shareholders who bought in at a high price some time ago may view current circumstances as an ideal time to average down, etc etc. While I hope for - and expect - the SP to climb, we may well still be in for some choppy trading ahead. GLTAH.
RXL Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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