make or break for mgt, page-4

AP

It is about selling the story of RES.

This raising will only be for 'working capital" as they do not have a BFS yet.

Elements of risk aversion have begun to creep back into the spec end of the resources market over the last couple of months.

If these guys are any good and if there projects are any good they should be able to sell relatively small amounts equity into this market at a premium rather than a discount.

In addition to "sticking to a timetable", selling the story to potential investors is a crucial role of mgt...