There are too many variables at the moment but i think it is safe to say that the share price wont head up until finance is sorted. It is surprising that they are at the stage they are at and havent got a JV partner sorted - most Aussie companies have a off take partner sorted long before this stage. If they manage to pull off the debt finance, i guess this means a lot less dilution to shareholders and a higher return per share later on once they start exporting. It still might take a while, the quarterly only said they were planning on appointing a bank to help arrange finance.
If they manage to arrange finance with the help of a bank, they will be in a better position to negotiate with off take partners for their IO later on.
RHM Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
