The IRR is irrelevant to getting funding. WPL had the market spooked as the funding for Browse was a significant % of the market cap of WPL, and WPL had an income stream with a 50% margin.
I am not aware of any bank lending 4 times the market cap of a company to build a resource project. If you are aware of any, please let me know.
RXM will need to do a capital raising of at least 2/3 of the price, and then the banks will lend the rest. Alternatively, a JV will need to be done or they on sell the project. The market has priced in these alternatives and the sp reflects this.
HT1
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 45.0¢ | $472.7K | 1.049M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1860211 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 1156798 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1860211 | 0.450 |
15 | 8576483 | 0.445 |
20 | 2590531 | 0.440 |
6 | 403970 | 0.435 |
6 | 149172 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 1154048 | 15 |
0.460 | 1403983 | 20 |
0.465 | 1485372 | 10 |
0.470 | 1096014 | 19 |
0.475 | 55013 | 4 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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