My guess is the market is pricing in a low chance of coper project going ahead. In addition, they are pricing in an imminent equity raising, because rex is going to run out of cash soon-ish. On top of that the only tangible asset that is worth something that has been mortgaged off to the directors to secure a loan that charges 10%+ interest, which is 15x the current risk-free rate of 0.65%. Any proceeds from the next equity raising will go towards repaying that debt and the interest first.
I will just remind everyone that this company was given over $250m from shareholders and squandered it all.
News: Rex Minerals reveals promising scoping study for Bells Project, Nevada, page-31
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RXM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $356.3M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $445.0K | 985.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 4963225 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 1163494 | 26 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |