Ann: Successful Placement, page-9

Billis put $4.5M on the table and has a proven track record in taking entities from exploration to mining. He more than met the criteria to "stump up some decent volumes of cash"

Anyway, Billis will likely be long gone. RIM needs to find another pigeon...as $800K is simply needed to run an ASX company and pay Directors remuneration.

The Board should stop shrouding their activities in secrecy and advise SHs who this placement has been made with, and how they further strategise to find enough funds to turn RIM from a spruiker to a miner.