RXL 0.00% 15.0¢ rox resources limited

Ann: Annual Report - Financial Year 2021, page-51

  1. 10,075 Posts.
    lightbulb Created with Sketch. 4852
    Cash and cash equiv = $14.2m

    Why do Rox need cash so badly that they accepted a discounted payment from Teck to get it early?
    I can only think that they are trying to buy Venus's share of the JVs.
    Rox can't use Hawkes Point money to go to 100%, that its allocated to exploration and the DFS.
    Rox 100% would add a lot to the MC and make Rox a much more attractive TO target.


 
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