As of 3 months ago from their latest quarterly report, RNX had 54k cash left and only 1 quarter cash. They also extended their $700k debt facility to April 2024 ?
With almost a billion shares on issue, I'm concerned the dilution on the coming CR could be quite significant .
Stuck in this from slightly higher levels, so not too sure what to do , but 54k is just not going to cut it here, well it would be less now that was 3 months ago, so all out of cash isi say imo.
Not a good environment to be selling assets in my opinion , so certainly a bit nervous here even though my holding is small,
thoughts
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Last
0.4¢ |
Change
0.001(16.7%) |
Mkt cap ! $5.608M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $18.04K | 5.730M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 11442182 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 17338986 | 10 |
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| Last trade - 15.01pm 11/08/2025 (20 minute delay) ? |
| RNX (ASX) Chart |