RXL 8.62% 13.3¢ rox resources limited

Ann: Entitlement offer to raise up to $7.62 million, page-40

  1. 8,251 Posts.
    lightbulb Created with Sketch. 879
    $10M is totally unrealistic, try digging into the details
    Mt fisher is not one gold deposit, it is a gold project hosting many small, scattered gold deposits.
    Compare and contrast to NST buying Millrose - it's a single deposit with good upside, proximal to existing operations (jundee, specifically ramone deposit).
    Fisher has been on the market for a while, only a junior would be interested, and then best youre going to get is some script and milestone payments related to reserves, study outcomes, first production etc etc.

    Also, if the CR so attractive - it would be underwritten! Mate you clutch at straws!

 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
13.3¢
Change
-0.013(8.62%)
Mkt cap ! $57.01M
Open High Low Value Volume
14.5¢ 14.5¢ 13.0¢ $189.3K 1.407M

Buyers (Bids)

No. Vol. Price($)
11 560223 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 211836 7
View Market Depth
Last trade - 12.26pm 24/07/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.