RXL 3.45% 14.0¢ rox resources limited

Ann: Entitlement offer to raise up to $7.62 million, page-82

  1. 3,005 Posts.
    lightbulb Created with Sketch. 657
    “Fully subscribed” = all the entitlement shares will be issued- to be announced tomorrow so come back and correct me on Monday if I am wrong. The structure of the capital raising does not permit additional shares to be issued, over and above the total entitlement number, so there will certainly be a shortage of shares issued Vs the demand for additional shares.

    In summary:

    1) On Monday the uncertainty surrounding the CR will be over and I expect the
    share price to move upwards thereafter.

    2) Metallurgical test results will be announced, possibly this week- a positive share price catalyst, I suspect.

    3) The PFS will be announced in late June- the numbers will blow us away.

    4) There is an excellent chance that Mt Fisher-Mt Eureka being sold in H2, 2024, mitigating the need for a further CR prior to the DFS landing. This will also be share price enhancing.

    5) In a few weeks time (PFS being released) management will be entitled to shares issued, free of charge, subject to the share price being maintained above $0.25. I suspect this SP hurdle will be made to happen.

    6) There is no information at all which suggests that the team at RXL are incapable of taking Youanmi into production. So far I have only read emotional rants lacking substance on this site.

    7) The POG remains in an uptrend so this should result in more generalist investors reallocating funds to the sector. This will prop all decent gold stocks.

    8) After release of the PFS, RXL will officially become an “advanced” project. How many listed gold plays are currently at this stage?

    The times ahead are pretty exciting.




    Last edited by smartdude: 26/05/24
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
14.0¢
Change
-0.005(3.45%)
Mkt cap ! $56.98M
Open High Low Value Volume
14.0¢ 14.5¢ 14.0¢ $52.57K 369.8K

Buyers (Bids)

No. Vol. Price($)
10 214745 14.0¢
 

Sellers (Offers)

Price($) Vol. No.
14.5¢ 123371 6
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
14.0¢
  Change
-0.005 ( 3.45 %)
Open High Low Volume
14.5¢ 14.5¢ 14.0¢ 240558
Last updated 14.09pm 17/06/2024 ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.