My biggest concern in regards to bringing in fresh money is our current market cap, yesterday saw this dip below $10M. A cornerstone investor can potentially own 10% of RareX for about $1M if Durrant allows this via capital placement, we could potentially have just some random cashed up investor or two and for what, a couple million at a terrible low point in the history of this company.
IMO a cornerstone investor/partner should be coming in at a higher price than what’s on offer today. If they wanted 10% of the company then they’ll need to purchase 68M shares atm and they’re not available, let them come on board at 3c.
My biggest concern in regards to bringing in fresh money is our...
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Last
1.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.567M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.4¢ | $1.77K | 126.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1293255 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 644701 | 6 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
1.4¢ |
Change
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| Open | High | Low | Volume | ||
| 1.4¢ | 1.4¢ | 1.4¢ | 365421 | ||
| Last updated 15.37pm 07/05/2024 ? | |||||
| REE (ASX) Chart |