Post by
TheBridge on Aug 18, 2022 2:09pm
Capital
Milley's been reading the recent posts and in her opinion she felt obligated to try and clarify where she thinks part of RHC's position lies at the moment. Milley says that RHC has likely wanted to approach Mr. Market for some time now in order to raise the capital necessary to be able to move down the road. She believes that since her birthday in May the following events were all attempts to raise the share price to a level likely necessary in order to make going to Mr. Market worthwhile. She listed in order; acquisition of IHC, announcement of G. of S. Royality Tax Credit, publishing results of Val Marie drilling, seeking secondary listing on AIM and appointment of new COO. All of these moves did not result in the share price moving above 40 cents and they likely should have moved them up into the 50-60 cent range or higher. So it has to feel like being stuck between a rock and a hard place. Milley thinks that management is likely wandering around in circles of various sizes trying to find the best means of raising the capital necessary to move on and buy the purifiers, etc. I for one support Milley's assessment and it provides good reason not to hyperventilate over the lack of movement at this point. The management team will move when they think it is wise to move and in the direction that they determine is the best for the company. So try to relax and go spend some time outdoors like Milley in our Rosetown backyard picking plump raspberries and enjoy the warm (hot) summer.