There is also the possibility that this placement may be in lieu of the raise outlined when the deal was announced. If that was the case, and it was a cornerstone investor, then this would speed up the timetable, reduce market risk and maintain solid momentum. It would make sense to do it now given the strong rise in the SP in the last couple of weeks rather than wait until the New Year. If it was me, I wouldn't wait. Anyway, that's the last of my speculation. let's see what Wednesday's announcement brings...
RYG Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
