I just hope that they are trying to wrap up the whole deal (placement, loan and convertible bonds) in one go. That would put my mind to rest.
As I have said before, having the placement done but the loan and bonds still hanging (because of the Fund having a lengthy 30 day due diligence period) does not take us anywhere safe and secure. In fact it would be disatrous. If the Fund pulled out, then RNI would be back in the hunt for gold project funds (and that would be very bad), trying at the same time to appease Taurus and prevent foreclosure (hope!) and also be stuck with an investor as the biggest shareholder that does not like the company's prospects.
What a weird deal!
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I just hope that they are trying to wrap up the whole deal...
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