Hi bas, my thoughts also.
They have 481m Rdnoa 1.5c options on issue.
If Rdn goes to something like 3c, that's 60m cap, not that high really if they get pegmatites across there plays.
The options if exercised would bring in 7.2m cash.
Plenty to do alot of drilling.
Ann: Results of Non-Renounceable Entitlement Issue, page-8
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