the SPP was for 3MM and it’s almost a safe bet to assume that haven’t raised half of that. The other instos raise was for 7MM and that was underwritten so that part would be done ✅
They had 4 and end of June so my guess would be 12-13M cash minus run rate for 3Q which is around 2-2.5M so over 10M when the quarterly comes out next month.
Their absolute highest priority right now is to a) get a strong player for MD, b) finish off DMS benefecation study and re issue MRE with the ore sorting included. C) Sell all other non core assets
if they can achieve this strategic priorities list within the next 6mth, the Shareholders will be super happy.
GLTAH
RTR Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
