RXL sold to Teck because it had no confidence that it could raise the large amount of money needed to continue with development of the resource. At least, it said it was not in a position to fund it.
That does indeed have to be a statement as to the capability of management and the financiers' opinion of it.
Ann: Rox to Unlock Value of Mt Fisher Gold Project Through IPO, page-27
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Mkt cap ! $57.48M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.0¢ | $181.7K | 1.175M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 467205 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 103377 | 4 |
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