March 2015 report from Bell Potter summed it up nicely.... Speculative junior explorers. It is never a good feeling raising capital and diluting but it needs to occur for the ongoing costs... I remain very confident based on facts. I am a long term holder and understand the risks however the rewards are huge if all comes together!!
"RXL’s value is leveraged to the success of three projects: - Fisher East nickel and its potential for a successful mine development in the near term; - Reward zinc, Teck’s earn-in and ultimately its development aspirations; and - Bonya copper and its potential to be a meaningful ore contributor to a development in that region. We factor in RXL raising an additional $7.5m (at $0.02/sh) over the next twelve months to fund ongoing exploration and administration"
http://www.roxresources.com.au/wp-content/uploads/2012/11/RXL-05032015.pdf
Need to raise for progress
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 15.0¢ | $571.7K | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 826458 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 366368 | 6 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
