RAI 0.00% 2.3¢ raisama energy limited

re: Ann: RAI - 31 December 2012 Interim Finan... Very sharp eyes...

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  1. 22,120 Posts.
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    re: Ann: RAI - 31 December 2012 Interim Finan... Very sharp eyes Sid I didn't realise that

    "Raisama continues to progress its direct discussions with Cadco to achieve a negotiated settlement of its outstanding dispute relating to its farmin agreement. The exchange of a draft agreement to settle the arbitration indicates that a final settlement could potentially be reached in advance of Cadco’s financial close."

    Financial Close = "Cadco has advised that it anticipates completing its financing arrangements as early as March 2013 which"

    Smart cookie Sid

    Bring on the $6.5m-$7m cash
 
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