There is little doubt there is going to be a capital raise as the company has already indicated that the project will be financed by a debt/equity split and the debt raised is insufficient to complete the project.
This is just a fact, if you have been following the company.
The rising gold price hopefully helps to get that equity component away at a better price. Waiting so far is working in our favour as the value proposition here starts to filter through to the market.
I'd say RRL might be regretting being so quick to have terminated that incomplete proposal now. That short deadline they gave to Hawke's Point to decide seems a little Gung-ho in retrospect.Esh
Ann: Funding Package for Karlawinda Gold Project, page-72
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