Yes. They need cash soon. The JSE leads on this stock. My understanding is there is shorting on the JSE, but as you say not on the ASX. I can't find short data for REN:JSE. If anyone has it that would be great. I am not concerned now about what happens with a short term CR though. The prize is phase 2. This is effectively a proof of concept. The reserves announcement years ago placed the SP at a range of $7-41 with a successful Phase 2, if I recall correctly (my mind is no longer a steel trap, more a rusty sieve). That is what I bought this for. This proof of concept paves the way for debt funding for phase 2. Again, typing from top of my head, about $750m debt which is largely pre-arranged and a NASDAQ listing. Someone like @SpiderMonkeyZ might have the detail to hand.
I can wait until 2030. $7-41 will do fine thanks.
Cheers
KK
Ann: Liquid Helium Production Online, page-27
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