There was nothing half baked about the Macquarie funding. The letter of credit was in place it just need accepting. New board took control and building a mine wasn't/isn't on their agenda so the funding offer lapsed. Boot filling has continued since then, 386,858,122 new shares and counting. Well played. Little guy gets shafted again. RRL will still own the project on the cheap and shareholders will get even less of the pie through this massive dilution that is/has been occurring. Esh
Ann: Equity Raising and Key Board Appointments, page-37
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