that may cover the reason why they did it. they needed funds.i'd...

that may cover the reason why they did it. they needed funds.

i'd like to know why they paid 300k for 14% with the knowledge that they were going to sell 100% for 800k and at the same time telling holders how they were to start drilling this year on one of their important assets.

in regards to bolivia, i wouldn't be holding my breath till 1st pour. they need to drill and extend the current resource to make it more attractive to any possible would be financier.

more drilling, possible finance and then they can start on construction. i'm no expert but a 2.4mt pa plant doesn't pop up in a couple of months. in rau's perfect world they would be 18-24 mths away from gold pour.

in the meantime any financier is going to want rau to raise significant capital thru an investor or share issue outside of the 136mil. probably 15-20mil. and as has happened with other juniors raising this sort of finance(136mil), one wrong step or delay and the whole project will end up in the hands of the financier.

136mil could have bought you DIO for less than a 100mil(producing 60-80k oz) or RMS(who has 80mil in cash and producing 60-80k oz)FML(producing 60-80k oz).

all are up and running with smaller mills but higher grades and resources. and profits.

its always best to compare with the market place.

thats why i think 136mil is very unlikely.

sorry about the one liner