RXL 13.0% 13.0¢ rox resources limited

Cash and cash equiv = $14.2mWhy do Rox need cash so badly that...

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  1. 10,075 Posts.
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    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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