RXL 3.03% 17.0¢ rox resources limited

Almost certainly it will be an insto share issue. What we are...

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4851
    Almost certainly it will be an insto share issue. What we are seeing is Venus holders selling their free shares which makes charting much less relevant.
    Rox won't be issuing new shares while this is giong on, it would mean dilution at a low SP. With almost $3.5m in cash at the end of the Quarter and no current drilling Rox have time to put out positive announcements well before they ask instos to fund them. In the past Hawke's Point have always maintained their stake in the company in CRs and will probably do so again. The drum beat of urgency on this thread is simply downramping,

 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
0.005(3.03%)
Mkt cap ! $62.79M
Open High Low Value Volume
16.5¢ 17.0¢ 16.5¢ $14.96K 88.19K

Buyers (Bids)

No. Vol. Price($)
13 608776 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 94905 2
View Market Depth
Last trade - 16.10pm 24/05/2024 (20 minute delay) ?
Last
16.5¢
  Change
0.005 ( 2.94 %)
Open High Low Volume
16.5¢ 16.8¢ 16.5¢ 242633
Last updated 15.17pm 24/05/2024 ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.