RXL 0.00% 15.5¢ rox resources limited

The CR was inevitable given the $650k cash on hand end of Sept....

  1. 183 Posts.
    The CR was inevitable given the $650k cash on hand end of Sept. lets see how it is structured and what the discount is. If it coincides with a resource ugrade for Fisher East all well and good. The tone of the commentary in the annual report was not intimating we'd see this move toward production any time soon given the current depressed nickel price. Slowly slowly minimising cash burn until we see nickel price rise and the project becomes econmomically viable. How long that takes will dictate the amount of dilution between now and then
 
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