Nothing to do with scaremongering just dealing with the possibility RVR could be having a poorer quarter than I originally thought, and if that was the case what are the options and a small CR is one of them. The first consideration of the board will be the Balance sheet.
Below indicates the companies obvious preference and my own, but its not set in stone and will probably be determined by what they are seeing at present at Far West and if those issues look like they may continue into the start of the next quarter...as stated they MAY use the facility and if there is some cash left at the end of the quarter they MAY not have to or MAY choose to anyway...
Cheers Whisky
RVR has already placed $10 million in a trust account (from existing cash) and Red River’s Board will determine how it will finance the remainder from existing resources. Red River maintains an undrawn US$15 million debt facility with Trafigura Pte Ltd, which may be used for this purpose.
RVR Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
