The more i read the wording of the trading halt,being "framework agreement" for a propsed investment in Richmond, the more i think it is a staged progress investment,as milestones are met.This may take the form of cash only, or stock at higher strike prices as certain goals are met.The other part being,"and the development of the Buena Vista Iron Project",will proberly be the board giving the project the go ahead, and approvals for the go ahead.This also means,(in my mind) that the BFS must look the goods.OIMO>
RHM Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held