"It seems to me that the loan facility increase is, in part at...

"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.