RE:RE:Halted - Pending newsDoubt it is full production at RSM as they have not been able to produce within their stated objective of 400 tons for any period of time. They needed money to complete the work at the mine in order to get to production. Also, Robin visited Lascaux last week in New York. So, this halt means either they got more money from Lascaux or they did not get the money from Lascaux. The stock was halted last time they got financing so that may be the case this time as well.
On the other hand, they have made it clear there is no guarantee they will get anymore money from Lascaux. This could go either way. The risk is very high on this company right now which is indicative of the $0.04 share price. Would be very easy for Lascaux to sell the assets of Fortune (Nico and RSM) and make a handsome profit from the sale to recover the money they loaned Fortune. Also, I hate private equity and when they get involved shareholders always get screwed.
Good luck to everyone.