RXL had $2.65M in the bank at the end of July.
They spent approximately $2.1M last quarter. Of this $1.2M was paid for the Fisher East tenement.
The current quarter will see the capital consumed at a slower rate with only a $200k payment for Fisher due and Teck fully funding the drilling at Teena.
Yes capital raisings happen but I think it’s a bit premature to be talking of a capital raising just yet. My guess would be there will be a number of results released prior which should push the SP and therefore the capital raising higher, possibly including;
It’s all in the quarterly…..
- Bonya Drill testing of VTEM targets planned for late August.
- Reward Zinc-Lead diamond drilling results from Teena prospect
- Mt Fisher Gold-Nickel;
- Assessment of RAB/aircore results.
- Continued metallurgical testwork on samples from Musket and Camelwood.
- Resource estimation for the Musket deposit.
RXL had $2.65M in the bank at the end of July. They spent...
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.01M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $17.27K | 124.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 133984 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 287179 | 6 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |