He may already be an indirect shareholder. Banks and other large...

He may already be an indirect shareholder. Banks and other large financial organizations in Russia, China, Iran, and several other countries on America's s***list can hold positions in ASX (and other exchange) listed companies via long term equity "swaps". These opaque derivatives can, and often do, hide beneficial ownership and defacto control.

That the capital raising is being underwritten by Canaccord and Sprott is encouraging. Would like to offer price to be higher but RSG and the underwriters face the short term risk of further significant interest rate rises and drops in the gold price. I'm sure they did the probability analysis.

I've said it before, all the gold miners in Mali, and in West Africa in general, are under-capitalized and too small to fully develop their respective resources. Several of them are bound to merge or be taken over. I just makes sense. Institutional investors are betting on this and can probably drive the process as well.

Just my opinion, so always do your own research.