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
54k cash left as of 0ct 23
Add RNX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $18.50M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.4¢ | $53.69K | 3.827M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7732124 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1817669 | 2 |
View Market Depth
| Last trade - 10.22am 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.5¢ |
Change
-0.001 ( 3.45 %) |
||||
| Open | High | Low | Volume | ||
| 1.4¢ | 1.5¢ | 1.4¢ | 300000 | ||
| Last updated 10.58am 08/05/2024 ? | |||||
| RNX (ASX) Chart |