From A previous post of mine (see below) as I was at the recent...

From A previous post of mine (see below) as I was at the recent Investor day Presentation in Sydney. View the presentation on webiste and it will answer most of your questions regarding current status of RBM.

Further to what I previously posted, GV did state that funding for the Project should be on offer from either Glencore or Chinese once the DFS in in. But Yes, short term cash flow is tight, but they are managing this at present, and still drilling with bononza cu grades in the oxide zone. Expect a placement soon, as telegraphed in the recent AGM mailout with up to 60M shares to be placed. At at least 6c, thats around 3.6M to cover Mac Bank debt, more drilling, assays, JORC upgrades on recent results.

The more the share price stays up, the better the placement hopefully.

Mino.



Morning Iona,

Was at the Investor Day.

RBM presentation OK. Spoke to Gino afterwards before he had to leave.

Asked about the funding for RBM Mine, and he said they had had interest from the Chinese, and Glencore. RBM waiting on DFS results, and then decide on the funding options.

They want to get into production before taking on the costs of drilling deeper holes into the possible source of the breccia pipes.

Didn't get a straight answer on the Mt Kasi Fiji ground.
Looks like that is dead in the water atm until Fiji Gov't renews leases (no mention of this in the presentation).

RBM are applying for additional ground NW of ERL94. See presentation on Website.

And guess what the P word was mentioned. RBM looking for Phosphates, Managnese and Uranium along with Cu-Au.

Overall an OK presentation. Just need to sort out funding, and the obvious will be more dilution with 60M share issue planned, but we need the cash to move on.

Take a look at the presentation online for more info.

Mino