Yes, the RTO process is pretty much stuffed now. From the start of September companies doing an RTO will need to have $5M cash in the bank following the RTO, which means probably raising around $5.5M once costs are paid. This means that whatever deal RTR is going to do will need to be within the resources sector and probably something which is complementary to their existing projects. Despite what they said in the March Quarterly Report I didn't think they will step outside of resources now.
Yes, the RTO process is pretty much stuffed now. From the start...
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