RE: Sold out1 Feb 2019 10:17
Yes, the equity facility isn't ideal, but Lind 'invest' a lot in the resource sector, especially in Australia. Capital is tight for junior miners currently, so beggars can't be choosers. Yes, the recent RNSs are poor -- that's an understatement -- but RBW have got a chance to redeem themselves if they can get things into gear. But it's going to be tough going. As Lind's Managing Director, said: “Lind believes Rainbow is at a critical inflection point and offers a unique investment opportunity: it’s in production, has a long term sales contract and plans to expand production in the near term.”