Not to issue any shares during the exclusivity period would not include shares issued to Hebei i think.
The agreement with Hebei announced on the 23rd May states $2.5 mill capital to be injected into Richmond subject to certain preconditions. Shares are to be issued at .40cents hence share price sitting at these levels. Maybe finance is in place?
Will have to wait and see, if so should see significant re-rating.
RHM Price at posting:
38.0¢ Sentiment: None Disclosure: Held
