IM must bee feeling good. $150k if the deal fails, a paid seat on the board of MZN if it's successful, cash in the bank at RXL plus interest payments from MZN. That's quite a pay rise! Oh and an option on the future of either company if they should somehow succeed in developing something.
Not a bad turnaround from being almost out of cash (see last quarterly).
Apologies if this sounds a bit too cynical. I am not down-ramping but IM has certainly ensured his financial success for the next few years. All part of the game I guess.
I was a long term holder. Kind of wary about getting back in with all these shenanigans.
Ann: Rox accepts $21M offer for Reward project,MZN-RXL.AX, page-25
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.21M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $5.88K | 43.48K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50376 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 95969 | 5 |
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| Last trade - 15.59pm 08/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |