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Ann: Entitlement offer to raise up to $7.62 million, page-84

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Corgi

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27/05/24

10:28

Post #: 74021160
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Originally posted by smartdude: ↑

“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.

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you were wrong

RXL Price at posting: 17.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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

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Ann: Entitlement offer to raise up to $7.62 million, page-84

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Ann: Entitlement offer to raise up to $7.62 million, page-84

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