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
432m shares on issue $5m market cap $4m cash @ the bank spending...
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Last
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Change
0.001(25.0%) |
Mkt cap ! $1.883M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $17.52K | 4.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 289619 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5267245 | 10 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.5¢ | 0.4¢ | 2616478 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| 1TT (ASX) Chart |