It is hard to get my head around how RXL, on the cusp of a very good PFS ($700m+ NPV) with the POG comfortably staying above $AUD 3,000 per ounce, now for some months, is at a sub $60m market cap? The only logical conclusion I can come up with is a market perception of high financing risk. However, with a 50:50 capital/borrowings mix the debt payback period would be months rather than years so accessing finance should be straightforward. This is the story that RXL needs to sell to the market.
I would hope that the big CR to finance the project construction would be at > $0.40 per share. Am looking forward to the MRE and the next company presentation.
Ryan's Bardoc Gold's blueprint for restarting Youanmi, page-28
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $84.57K | 658.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1100484 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 786667 | 4 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |