RXL 1.67% 15.3¢ rox resources limited

True LB01, Not enough cash to focus on all the toys at once....

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  1. 609 Posts.
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    True LB01,
    Not enough cash to focus on all the toys at once. Realistically we will see more capital raisings in the future and with the number of shares on issue a consolidation is also likely at some point. I have no doubt that our holdings will be diluted a fair bit in the coming years BUT there will still be plenty of money to be made if this gets to BFS and then on to production. You will only face less dilution when the banks are finally happy to be involved and it's a long way before that happens. I'm happy to hold as the news is good and I'm interested to see how this story continues to unfold - it's an education as much as a good, risky opportunity.
 
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15.3¢
Change
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Mkt cap ! $57.48M
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15.0¢ 15.5¢ 15.0¢ $25.09K 164.7K

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Last trade - 13.57pm 29/11/2024 (20 minute delay) ?
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