It would be good if he can manage something while coking coal prices are still rising. He has stated that we are in advanced discussions so this would definitely help prove the potential in our project.
I believe AKM just managed to secure $12M of funding to bring their coking coal project to life. Their SP is at yearly lows as well which would of diluted share holders substantially. Managment have somehow received a premium in the past from RCF’s funding. I’m hoping they can do the same this time and not dilute long term holders too much. Will be interesting to see what Gary can pull off with his BHP experience.
Ann: Redmoor Phase 2 Results, page-75
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