hi sav-j
it was always going to a very very close call..if Ruby had been at Galoc say 2 weeks ago things might have been different.
they just appointed a few staff members, so i guess admin costs would increase.
i can't see it being a big placement that is unless they intend drilling a well in the next 4~8weeks...!!!!!(possible)
IMO they'll just need a little cash to tied them over before Galoc cash starts flowing in.
i thought they may have obtained short term loan from banking facilities but that doesn't seem to be the case.
as i previously said "might be last chance to buy on a dip"
Otto still remain the best buy going around.
capital raising, page-20
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