It would be outright dumb to raise any more money prior to...

It would be outright dumb to raise any more money prior to Redmoor results and even more dumb to spend any more cash on Lochinvar

RCF should invest directly into Lochinvar if they want to progress it, this way RCF avoids the dilution of another pathetic capital raise from management. Actually if RCF like Lochinvar they should just buy it out right for a couple of million and cut their ties with NAE altogether (that would be the best outcome for RCF not for NAE shareholders mind you)