I agree with @Saila and @AChesterBeatty on this one.
I remember back in 2011 to 2014 period RXM used to burn money like no tomorrow because we banked on the Hillside project going ahead at 100%. Then the cu crash happened, and we found ourself with no cash left and had to do additional cap raising at huge discounts to survive. RXM raised close to $250m pre-2011. the fact that we decided to get a massive office in the middle of CBD instead of keeping some money as a contingency. If that is not evidence of poor financial management, I don't know what is.
I think the fact that management has not delivered on any of their major promises is the sole reason the share prices are still subdued despite recent announcements.
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $340.7M |
Open | High | Low | Value | Volume |
44.0¢ | 44.5¢ | 44.0¢ | $1.407M | 3.175M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 9655240 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 3163470 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 9637595 | 0.440 |
44 | 7436879 | 0.435 |
20 | 1056075 | 0.430 |
10 | 439696 | 0.425 |
10 | 575838 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 3163470 | 14 |
0.450 | 1405540 | 45 |
0.455 | 947872 | 13 |
0.460 | 580462 | 14 |
0.465 | 986573 | 8 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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RXM (ASX) Chart |