As of 3 months ago from their latest quarterly report, RNX had 54k cash left and only 1 quarter cash. They also extended their $700k debt facility to April 2024 ?
With almost a billion shares on issue, I'm concerned the dilution on the coming CR could be quite significant .
Stuck in this from slightly higher levels, so not too sure what to do , but 54k is just not going to cut it here, well it would be less now that was 3 months ago, so all out of cash isi say imo.
Not a good environment to be selling assets in my opinion , so certainly a bit nervous here even though my holding is small,
thoughts
54k cash left as of 0ct 23
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Last
1.6¢ |
Change
0.003(23.1%) |
Mkt cap ! $16.05M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.7¢ | 1.4¢ | $121.8K | 7.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1354898 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1855091 | 2 |
View Market Depth
| Last trade - 15.05pm 30/04/2024 (20 minute delay) ? |
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Last
1.6¢ |
Change
0.003 ( 23.1 %) |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.6¢ | 1.5¢ | 582412 | ||
| Last updated 12.52pm 30/04/2024 ? | |||||
| RNX (ASX) Chart |