rsg are trying to raise about $50m, to complete syama, and some other expenditures. given that expenditures on syama, are in $us, and that the australian dollar has collapsed a bit, then watso wonders if the capital raising will be sufficient
the issue is underwritten, but underwrting agreements tend to have escape clauses. given the volatility of the market, and the downward trend of share prices, watso wonders if there is some escape clause, tied to one of the indicies.
hopefully the quarterly shows some solid progress on the exploration front, production costs etc
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will the capital raising be enough
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