In the depths of the mining downturn RCF stumped up funds at 1.5c, will be interesting if they come to the rescue again. My guess is that they are no longer actively involved (given NAE have stated they will look for another partner for Lochinvar) and won’t care what Gary does (which is bad for existing holders). Hard to believe it’s at 0.8c given the huge upswing in mining stocks (particularly coal).
Ann: Redmoor Phase 2 Results, page-63
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