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27/02/25
17:35
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Originally posted by bungalowbill:
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Hey Pro, just checked in here. Sorry to see this. It doesn't look like anyone was serious about backing them in. At least the minimum subscription on the capital raise worked to protect shareholders from more losses. Although RIL looks to have some good connections and backers it seems cooked. All you can do is wait & see - good luck. That cap - raise looked like a desperate last-ditch effort. Do you know who the company is that bought the 2 ladies' leases - does it have any connection to Classic Minerals, that is is it warehousing the leases for Classic
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The UK offtake partner might want to throw $3.2m at this.REDIVIUM LIMITED (ASX:RIL) - Ann: Green Bond Update, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum The two ladies are now in the hands of these guys. I'm unsure of any connection & I haven't looked into it because it's none of my concern. All the best mate.