RE:RE:Taking On RiskWell, Henryviii's post certainly got Milley considering the answers to the questions that he raised.
In considering some of the factors, she laid out a few comments that might lead to some answers. In her opinion and speculation she thought:
-RHC really had no choice but to issue the bought deal offering at those prices. They need capital, and now, in order to continue with projects and work that Margin321 has so clearly identified.
- RHC hasn't been able to establish an adequate revenue stream to keep their operation on track without a share issue. Every company would prefer to do share issues when their share price is at a lofty price, but there was no chance of that happening here at this time. If they thought that they could reach a point where their revenue could adequately cover their needs, there likely wouldn't have been a JV arrangement with Sparrow Hawk or the offering.
- The 9 cent share price is the best that they could do to obtain the necessary funds that they likely felt that they needed, otherwise that would not have proceeded with the offering. The 9 cent per share offering and the 12 cent warrants very likely come with what appears to be decent opportunity to double, triple, quadruple or even do better, although it will take time, maybe quite a bit of time.
- As Margin321 has pointed out Forty Mile, Ogema and Val Maire are just sitting there waiting to be activated and Steville still appears not to be near the point of production expected.
- The opportunity here, with the attached risk and waiting timeline is sitting there just waiting for those investors who are disillusioned to drop out and those who see promise to wade in.
Those were some of Milley's thoughts and obviously everyone has their own......but as time moves on the picture should start to come into focus.