Last quarterly showed we had $9.175m cash at hand, and have just spend a further $3m on the latest land acquisition.
So all the boxes are being ticked on the timeline to production and cash reserves are dropping in a commensurate manner.
I'd be interested to hear people's predictions on the next round of fund raising? Is there likely to be a smaller rights issue/cap raising to top up reserves or will we have enough in the tin to progress to BFS and project funding.
As mentioned earlier I sold a lot at 0.72c as I had dug deep to average down so was happy to reduce my exposure. I still see a large upside in this stock and have a decent holding, but with funding/dilution activities on the horizon I'm just trying to map out my next moves.
RES Price at posting:
61.0¢ Sentiment: Hold Disclosure: Held
