The directors are demonstrating their commitment to the company by accepting RLE shares in lieu of cash for some of their remuneration. I will certainly support that innovative move to help RLE conserve cash and delay or hopefully avoid another CR. It also indicates that the BoD believes they can find a suitable JV partner as the sooner they get one, the sooner RLE moves to production and a resumption of cash payments to directors.
Well done Scott!!
Can you also please provide an update on how the search for a JV partner is progressing?
RLE Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
