Agree, strauss. RAI is onto a good thing. Meanwhile, though, RAI...

Agree, strauss. RAI is onto a good thing. Meanwhile, though, RAI has $1.8m cash, with planned outgoings of $700,000 for the upcoming Quarter, so $1m cash left. They have committed to obligations of $8m - $10m for Q1 with their new venture. They have $30m credit standby, but I am not sure if that is committed to "Cadlao proper". Anyone know this?

Certainly, the Energy Best acquisition is a good one, and seems "free" right now, to be paid for when they strike oil. If RAI lose "Cadlao proper", then they can almost pay for "Cadlao 2" commitments with their compensation from Blade.

I've just seen RAI fall in share price again- who knows why. It used to float around the 3c mark not too long ago, but can now be bought for 2.5c, giving it a market cap of $6.4m. I had read articles about *the* Al Fayed buying RAI, and we know BP have interests in RAI going forward. I don't know why some of these power players don't just buy RAI - for a song, virtually- and fund Cadlao themselves.

RAI is in a squeeze. It probably does represent good value. It's very hard to know what is going on.