IM must bee feeling good. $150k if the deal fails, a paid seat on the board of MZN if it's successful, cash in the bank at RXL plus interest payments from MZN. That's quite a pay rise! Oh and an option on the future of either company if they should somehow succeed in developing something.
Not a bad turnaround from being almost out of cash (see last quarterly).
Apologies if this sounds a bit too cynical. I am not down-ramping but IM has certainly ensured his financial success for the next few years. All part of the game I guess.
I was a long term holder. Kind of wary about getting back in with all these shenanigans.
Ann: Rox accepts $21M offer for Reward project,MZN-RXL.AX, page-25
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Last
15.0¢ |
Change
-0.005(3.23%) |
Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $163.8K | 1.089M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 368796 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 210000 | 3 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| RXL (ASX) Chart |
