possible project funding from glencore int.

after going back over recent company announcements I am more confident that it won't be a capital raising, it will be a funding arrangement with Glencore International (massive commodity trading company). I refer to the announcement by RBM on the 13/06/07, in which it discusses the fast tracking of increased copper production.

If it is a funding package instead of a capital raising (so no share dilution) I think the market will see this as a positive as it shows the company is serious about getting the increase in production happening.

http://www.redbankmines.com.au/files...5CRUhvf6It.pdf