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
As of 3 months ago from their latest quarterly report, RNX had...
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Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 2.3¢ | 2.4¢ | 2.2¢ | $796.2K | 34.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 7425570 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.3¢ | 2350000 | 3 |
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| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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2.2¢ |
Change
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| Open | High | Low | Volume | ||
| 2.3¢ | 2.4¢ | 2.2¢ | 16051261 | ||
| Last updated 16.11pm 20/05/2024 ? | |||||
| RNX (ASX) Chart |