432m shares on issue
$5m market cap
$4m cash @ the bank
spending reduced to 200k per quarter
RFN is primed for an acquisition/RTO play in the near future.
They have exhausted all there raising capabilities and have primed themselves with $4m worth of cash in the bank, spending reduced by over 80% per quarter to only 200k and a measly market cap along with it.
RTO rules state the minimum price an Reverse Takeover Offer can be done at is 2 cents!
So that would mean for any RTO to possibly get over the line here, the price would have to be at least 2 cents - currently 1.2 cents.
DYOR
$4M CASH,NO DEBT,SHELL/ACQUISITION PLAY
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 (20min delay)
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Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $4.896M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $1.947K | 150.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1613358 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 713364 | 1 |
View Market Depth
| Last trade - 14.47pm 24/05/2024 (20 minute delay) ? |
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Last
1.3¢ |
Change
-0.001 ( 7.14 %) |
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.3¢ | 75600 | ||
| Last updated 14.47pm 24/05/2024 ? | |||||
| 1TT (ASX) Chart |