I agree with Potgut
Dec-Jan-Feb burn rates were around $1.5-2m/month. If that pulls back a little, one might think that RXL expect the share price to be substantially higher by the time another raise is needed two-four months out. That fits with juicy newsflow items being M0ngy-mooted to be announced pre-June-ish.
Just gotta wait.
I think I like Pink Floyd's cool-jazzy song about money a little bit better than Abba's.
I'm not a financial adviser, this isn't financial advice, do your own research.
Ann: Rox Resources raises $4 million via Institutional Placement, page-15
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.32M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.5¢ | $162.7K | 1.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 265704 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 292348 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |