Post by
Margin321 on Oct 03, 2022 7:06pm
ouch
....big dilution at low price and doesn't even fund the extra $12 million that is needed to complete the funding of the steveville facility. I thought RHC said the engineering and design of that facility was all done. They have been saying that for awhile.
"The net proceeds of the Offering will be used to fund engineering and design costs associated with the Company's production plant planned for Steveville, completion and exploration activities on the Company's lands and for general corporate purposes."
Comment by
ITSUP2ME on Oct 04, 2022 9:06am
"General corporate purposes" "General corporate pockets and purses"
Comment by
d3lxyz on Oct 04, 2022 10:56am
The key phrase here is "and for general corporate purposes"..