RCF paid 6.5c not long ago and the project has come a long way since then
the fact that they have said it is third-party sophisticated investors suggest RCF is not involved this time around. They would not want their holding diluted by a 4c capital raising
so it will either be at a premium and for $3-4m or they will just do a smaller raising at close to market price. Latest research report had a raising at 4.5c, this is probably the most likely scenario
next raising will be post scoping study so its pretty enticing for new investors to get in now
capital raising, page-5
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