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
1.9¢ |
Change
0.002(8.82%) |
Mkt cap ! $22.82M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.7¢ | $59.05K | 3.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 771234 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1812262 | 4 |
View Market Depth
| Last trade - 15.59pm 13/06/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.002 ( 5.88 %) |
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| Open | High | Low | Volume | ||
| 1.7¢ | 1.8¢ | 1.7¢ | 3881545 | ||
| Last updated 15.48pm 13/06/2024 ? | |||||
| RNX (ASX) Chart |