Does anyone know if the RSN trading halt today is for the capital raising for the Ashford Coking Coal project?
I know that the stock has increased from 8 cents to 23 cents in the last two months. With volumes increasing from around 400,000 to 1,000,000 plus (with a high of 10,000,000 last week before the announcement)
I know that RSN announced a coal discovery last week. Appears trading halt is too soon for the new coal discovery unless not all information was released to the company.
I have sort of dicounted the gold assets as they have debt facilities for these.