th - capital raising - , page-33

loki01, perhaps as #pauline quoted - "In the coming year Red5 will continue to aggressively explore the Siana and Mapawa tenements"

They mention in the latest presentation that they may also require re-drilling of some holes due to finding zinc..?

+ over the next year $25mil of capital costs. As I mentioned earlier, prudent to have cash in case of any issues. I am sure that HC threads would be full of howls of anger if they did not do any kind of raising, have some issue, and get into trouble financially..

Lastly, as others have mentioned, perhaps there are some nice tenements nearby that are just waiting to be farmed into/purchased...?

Gold stocks all over the asx are cheap.. so even a cheap company can snap up bargains... i.e PGI nabbed Novus..

Time will tell.

I wonder why they didn't wait the extra day to finalize whatever raising they are doing.. or is that just an excuse to re-print the new presentation... I have noticed quite a few companies doing that. ha.

IMHO
DOYR. It's fun.