RXL 3.23% 15.0¢ rox resources limited

Next Capital Raising?, page-11

  1. 15,774 Posts.
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    Guys
    They aren't devoping the asset so any raising would have to do with maybe some further drilling for this or other prospects. As they have a free carry with gold , it's seems to me their cash requirements won't be big at all. So even a 2m raising would only see about 80m more shares on issue. It does not dilute the company much at all nor does it create an overhang. Now if they they are clever any CR would probably follow news so it's very possible a CR is done at today's level or higher as the discount would be applied to VWAP of last 10 trading days generally speaking
 
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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) ?
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