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Ann: Entitlement offer to raise up to $7.62 million, page-17

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Corgi

2,444 Posts.

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26/04/24

19:37

Post #: 73531248
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Originally posted by smartdude: ↑

You are dealing in semantics. As more than 20 years has elapsed since Youanmi was an operating mine, it is ostensibly a new mine.

Your point about Hawkes Point’s importance on the share register is absolutely true. They also bring technical skills to the table so IMO their support is a big tick for the project and they play somewhat of an “audit” function.

I am unsure what you mean by a better time to enter? At a record POG with a PFS which will have a lot of zeros in the project NPV valuation. I am also confident that RXL will have success in offloading non core assets in the near term future.

RXL is going through the normal process of Scoping Study, PFS and DFS. There is nothing at all unusual about its timelines as they stand. Most of us acknowledge that there were some shady announcements in the past, predominantly before the current CEO was appointed. I believe that Rob Ryan is a competent CEO and will take Youanmi into production. My bet is that he will also participate in the CR and that adds another dimension of confidence to me as his shareholding is material enough in my books to make a statement.

This CR is a gift as far as I am concerned. I recently noted that AAR issued shares to instos at $0.05 and their share price now sits at circa $0.07. Unlike that CR, where wealth was created for new shareholders, this CR allows current shareholders to participate in the upside rather than giving it away. I also consider the options attached to the entitlement shares to be the most valuable component of the rights issue as this company’s share price will move well above $0.25. This CR is all about rewarding existing shareholders. I support it 100%.

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rxl thanks you as you'll be supporting the next one following in jan.

RXL Price at posting: 19.0¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

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Last 15.0¢		Change 0.000(0.00%)		Mkt cap ! $61.08M

Open	High	Low	Value	Volume
14.5¢	15.0¢	14.5¢	$9.604K	66.06K

Buyers (Bids)

No.	Vol.	Price($)
1	32227	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	246206	4

View Market Depth

No.	Vol.	Price($)
7	221828	0.140
6	697147	0.135
11	768530	0.130
5	228080	0.125
12	1551013	0.120

Price($)	Vol.	No.
0.150	246206	4
0.155	290006	5
0.160	217376	6
0.165	80305	5
0.170	40319	4

Last trade - 14.44pm 02/08/2024 (20 minute delay)

RXL (ASX) Chart

Ann: Entitlement offer to raise up to $7.62 million, page-17

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Entitlement offer to raise up to $7.62 million, page-17

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Is oil undervalued?

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Venture to sniff out high-grade REE targets at Jupiter project, WA

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

GreenX picks up prospective copper project in Germany

Westgold sets its sights on top five producer status through merger with Karora

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News