Very positive announcement just out with finance offers up to $180 million received. They also expect magnetite to be available for shipping 9-12 months after finance is finalised. We might still be on track for exports in Q4 2012 depending on how long they take to finalise terms and conditions. If they can arrange extra funds for working capital, there may not be the need for any additional capital raisings.
RHM Price at posting:
28.0¢ Sentiment: ST Buy Disclosure: Held
