We all know that the Richmond share price doesn't move up...

We all know that the Richmond share price doesn't move up without somebody knowing something. The run up over the past few days is a clear indication to me that there is good news coming.

A capital raising per se would more often than not result in the share price falling so I don't think we can attribute the recent price movement to somebody getting wind of just a capital raising for working capital purposes.

My bet is that is that there is a strategic partner coming on board who is paying more than 23.5 cents for the stake and taking a couple of board seats. Not sure whether it's linked to the financing but must be a step in the right direction