RE:RE:RHC going on AIM is a positive
They can't pay for the purifiers without doing something. These are long lead time items so there is no clear path to production and revenues without the production equipment.
I hate to see much dilution at $US thirty cents. But the share price won't go up until they solve this problem somehow. They have been talking about placing an order for about a year (first one purifier for shallow climax then two purifiers for steveville and shallow climax). Somehow they have to come to a climax on this issue.
You are right that they have kept on trucking on the exploration side which is very good indeed. But they will run out of money soon, even with without paying for the purifiers. They will have some cash coming from province (including some from the innovation grant because of their work at Nazare) but that coversonly a fraction of their work. On the table right now are back to back testing at Ogema and at rhe new Val Marie well and also sometime fairly soon (hopefully) drilling a two legged horizontal well at Nazare as modelling by University of Regiona group and testing that.