RXL 3.70% 14.0¢ rox resources limited

Jack of all trades, page-6

  1. 1,472 Posts.
    Well here it is as i see it. Great projects. Raised capital when others could not.
    But they have torched their professional investors in the cap raising so they will be hard pressed to go back for more. Got a serious cash burn on drilling because they a spreading it over 2 to 3 projects and numerous targets. They got a truck load of shares on issue so its needing a recon. Their best bet will be to recon the stock and give existing shareholders a rights entitlement. Gets more cash.
    They need to tell shareholders when the nickel project is starting production.

    Am I wrong. If the answer is yes then I ask you to take a look at the share price capitulation.
 
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Last
14.0¢
Change
0.005(3.70%)
Mkt cap ! $57.01M
Open High Low Value Volume
13.5¢ 14.0¢ 13.5¢ $17.27K 124.2K

Buyers (Bids)

No. Vol. Price($)
4 133984 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 287179 6
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
RXL (ASX) Chart
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