My biggest concern in regards to bringing in fresh money is our current market cap, yesterday saw this dip below $10M. A cornerstone investor can potentially own 10% of RareX for about $1M if Durrant allows this via capital placement, we could potentially have just some random cashed up investor or two and for what, a couple million at a terrible low point in the history of this company.
IMO a cornerstone investor/partner should be coming in at a higher price than what’s on offer today. If they wanted 10% of the company then they’ll need to purchase 68M shares atm and they’re not available, let them come on board at 3c.
Ann: Cummins Range Mineral Resource Estimate Update, page-29
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $10.27M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $5.079K | 385.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 670615 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2755857 | 7 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| REE (ASX) Chart |