Ann: Placement of 3.5 million shares , page-5

Regardles of how and who.... im quite dissappointed that shares are being issued at 38cents

I think i remember RHM saying on brr.com.au that a cap rasing wont happen unless at round about 50-60+ cents. Let pretend he was being optimistic.... but 38 cents?

Still, i would be ripping my hair out if i was an options holder due to the lack of news. If RHMO's dont get exercised, RHM will lose potential investments right? How long until RHMO has to be excerised?

Having said that, the iron ore will not disappear from the ground, even if we have no real announcement for another 2-3 weeks. So ill hold, and buy if the price is good.

Having CTN jump on board was a huge plus. These guys seemed committed investors who have a great deal of knowledge in the mining industry. And they have a great eye for picking up gems.