I thought the placement raising was a good read.
It said everything that i wanted said, management will push on with a purified spherical graphite (PSG).
(We know the Germans have given RNU the thumbs up on PSG tests).
As they are all saying, graphite will have it's day and RNU will be ready for that day.
Mean while, hopefully, gold will be another string in their bow.
Gold exploration and mining could be used to cover the costs of PSG for world use.
Management seem so slow, but all in all, no complaints from me.
So in my mind, the raising was necessary.
Ann: Placement Raising $3.6m to Advance Graphite & Gold Projects, page-21
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