"It seems to me that the loan facility increase is, in part at least, motivated by the poor prospects of a share purchase plan right now..."
If RDF went for a placement now, they'd want to have a *very* good reason. Their cashflow is improving constantly, they have access to cheap finance. A placement would only be required to fund something absolutely Extraordinary.
Just as a side note, I'd like to add that I have it within my power to bring the SP back up over $4. All I'd have to do is sell all my shares. It's a dead certainty, as well as a catch 22.
RDF Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held