ok, think i answered some of my own question looking at the recent RIU presentation
"The Company is now focusing on four projects and is preparing for a major drill campaign to test a range of quality targets over the next four months.
Our remaining prospectus cash is adequate to undertake the next phase of
drilling however we recognise the need to raise further funds to fully realise the
potential of our portfolio over the next two or three years. "
Includes reasonable detail on the final slide of what the 'next phase' entails.
think they could still be opportunistic after the current jump and tap the market soon - if that's the "funding option" they're looking at......anyone care to speculate? I'm happy to go in gradually over this 6 months.
Cheers
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