$100m in the scheme of things is not actually much for a decent size company
ill give you an example, look into RCR Thomlinson
a very large company, with many profitable business units
just raised $100m
burnt it
Basically all because one of their business units was not performing
now in Voluntary Administration
im only bringing this up to highlight the $100m (while being impressive) is not a get out of jail free card
As I said the other day, great to see the other results RMS are putting out, they were just not really for EM
Again, I do see the value in RMS, I owned their shares until the spike this week, I just don’t see the plan in trucking ore from Tampia
At the end of the day they haven’t given us a plan or any indicative feasibility study to judge as part of our decision
if we had that, we would be talking about that instead of guessing with hypotheticals
