GREY:RNKLF - Post by User
Comment by
MIA17on Oct 01, 2018 10:29am
116 Views
Post# 28720922
RE:RE:Financing?
RE:RE:Financing?Danny Deadlock seems to think they will do one for $50million. IR dept. says they have no plans in the "immediate future". In there latest news release they state that:
These exercises delivered a total of $8.4-million in additional cash to RNC. This infusion, in addition to the $38-million in cash to be received from the sale of the previously announced 24,000 ounces of gold recovered from the Fathers Day vein discovery, will allow the company to repay all of its debt and achieve a substantial net cash position. This cash is expected to fully fund all corporate activities for the foreseeable future, including most importantly the upcoming exploration program at Beta Hunt.
We'll have to wait and see. In the meantime, I think its safe to say there won't be one done imminently.