The bottom line, imo, is that the directors needed certainty...

The bottom line, imo, is that the directors needed certainty when acquiring the relevant interest in Tropicana so they therefore had to hedge to stay in the game. All hedges are a bet and in this case our bod did badly. We must now look beyond this decision and concentrate on cash accumulation over the next 12 months, exactly what the bod have stated in the latest update. The cash drain will taper. Markets are forward looking so expect the share price to react accordingly. The more we accumulate the less finance required to build out McPh. For me RRL has reached a turning point based on this latest update .