That all depends Temple on what the CR is. Possibilities: 1....

That all depends Temple on what the CR is.

Possibilities:

1. Placement with soph investors - quick and easy.

2. Share purchase plan or right issue involving shareholders - not quick.

3. Combination of 1 and 2 - bit of both quick and not quick.

4. Loan - already done but remote poss'y imo.

5. Placement with a cornerstone investor with an offtake in place or some other benefit to the CI - 'done deal' and hot to trot .

What do you think?

The following are extracts from 2 posts i made after the issue of the march cash Q. Could be relevant.

Exploration for this current Q has been estimated as going to cost $785k. Total estimated outflows = $1.045m. As at 31/3 we had $1.611m, so maybe $500k going into the next quarter.

Maybe the 1st tranche of the loyalty options will help out - 8c expiring 20/9 - next Q.

Of course, we may see some sort of dramatic change in RNI's position before then arising from these 'competing transaction proposals' if one is effected.

Oh, I almost forgot this outstanding debt.

RNI has not fully paid for Doolgunna yet and it's still in the name of Ascidian Prospecting p/l too until full payment. $300k, the final payment, is due to be paid on or before 7 July. That will then make the money held in kitty pretty small unless there is an injection of funds from somewhere in the meantime.