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.
I agree with @Saila and @AChesterBeatty on this one. I remember...
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Last
44.3¢ |
Change
0.003(0.57%) |
Mkt cap ! $340.7M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 44.0¢ | $1.311M | 2.957M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 9367957 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 3215618 | 15 |
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| Last trade - 12.21pm 19/07/2024 (20 minute delay) ? |
| RXM (ASX) Chart |