CHK also said in the ann for the TH it was for a CR and an acquisition. This did not.
However we have enough funds - the previous ann as The Architect laid out above clearly states RMX is fully funded for this - even for the $250k cash to paid for 51%. And they stated 'no share dilution'
Yet,
- here we are raising cash when it was said we are fully funded
- here we are diluting shares when it was said that wouldn't happen
- and here we are doing it earlier than needed when a better price could arguably be got once drilling commences or when drill results are known.
Are they doing the cap raise now, like DKO did a while back, before results are known 'just in case'
or maybe it is for the acquisition or a larger drill campaign or something else we don't know about it. I feel we don't have all the puzzle pieces yet..
Anyway - its all speculation till Friday - see you then...
RMX Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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