RXL 0.00% 13.0¢ rox resources limited

As Rox conducted a capital raising in December last year from...

  1. 44 Posts.
    As Rox conducted a capital raising in December last year from memory they are unable to do another general capital raising until then. Now whether they offer a capital raising to sophisticated investors or not is another question, but with Teck fully funding Teena and the majority of drilling either underway or completed at Fisher East it would seem ridiculous to dilute the share pool anymore at the moment.

    Potentially, they could require funds if early testing at Bonya came back trumps but if again that did you would hope the share price would have got a nice little nudge along by then.
 
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