Rockwell Diamonds Inc. (TSX:RDI) is considering multiple strategic alternatives. In order to prevent the company from liquidation, Rockwell's management has filed an application to put the company into business rescue and give its turnaround strategy a chance of success. If successful in its application for business rescue, a business rescue practitioner will be appointed to work with company management to restructure the affairs of the company, seeking input and consent from creditors as well as considering strategic alternatives, Rockwell said. The plan included an $8 million injection to complete the new Wouterspan processing plant, selling assets, paying all creditors and buying supplies with cash only.