Ann: Change in substantial holding, page-2

what prompts RCF to subscribe for NAE shares at 1.5 cents when they can buy on market for 0.5 cents?
that is a rare and serious premium to pay for what is a beaten down explorer.
I guess RCF's real return will be in facilitating the next Wolf Minerals tungsten-tin EPC loan facility.
A 2% royalty on production will pay back that A$237000 investment in a matter of months.

What it says to me is that :
NAE's Redmoor tungsten project is a goer (( subject to tungsten price improving [ marginally?]]
RCF can procure funding ..from would-be customers of the end product
below is the 2013 announcement from sister company wold minerals:

yes still buying NAE
The Company is delighted to report that it recently formally commenced development of the Hemerdon tungsten and tin project. The first drawdown of funds from the project’s funding package has been received, which allowed the £75 million Engineer Procure Construct (EPC) contract with GR Engineering Services to commence. The first drawdown was US$10 million, from a US$75 million Bridge Finance Facility provided by Resource Capital Fund V L.P (RCF). Wolf has also received US$7 million consideration for a 2% Royalty, purchased by RCF, on gross revenues from all metals and minerals produced from the Hemerdon project