Jaded
I take it back. Given the qtrly statement cash balance today of $1.8m (which is higher than I anticipated) the probability of a new placement pre-drill looks a lot lower... there is enough in the bank to support a decent drill program.
Also...if they are willing to wait until after the next round of drilling it would also speak volumes for their level of confidence that they will continue to get good nickel hits.. with the result that the next placement can be done at a higher share price than current levels...
cheers
acturtle
accumulation, page-16
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $52.35M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $112.9K | 903.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 469128 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 68389 | 3 |
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| Last trade - 13.47pm 11/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |