Don't even think about it!
That would just provide another platfrorm for a succession of capital raisings that, in the past, have never achieved what they should have.
Far better to manage the capital properly than to lose value for loyal current shareholders with an inevitably destructive consolidation.
This illustrates why salaries and admin costs have to be moderated in downturns like we have had.
I would agree that, unfortunately, Rox's cash burn has been too high for some time.
Ann: Rox accepts $21M offer for Reward project,MZN-RXL.AX, page-16
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $135.9K | 868.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1088851 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 89486 | 7 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
