Some pretty negative comments about this, its a good announcement, but we knew it was coming for weeks. We know regal are going to be selling to make a profit. They deserve to make a profit for providing funds. Especially when even our own shareholders have doubts. Just reading this thread, look at the animosity.
I believe the share price is going to stay around these levels until a major announcement. That's only going to come with the completed review and securing funds for the amended BFS.
The market currently expects a CR at a discount rate, No matter what is released I think we will find ourselves in the same position until the long term financial position is secured.
The mistakes were earlier in the year, A few might disagree they should have released it differently and took a different approach, Personally, I think we would have found ourselves in the same position.
How else do you expect to fund the 5m without a comprehensive review and knowing the required finances for the amended BFS? Management clearly want to come to market with a game plan and a budget.
If you can provide a better solution over the last month, I would love to hear it.
HIO Price at posting:
10.8¢ Sentiment: None Disclosure: Held
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