I've tried to find what CXO took to FID and it looked to be about 180m (40m cash + 140m from raise/equity investment from genfang and spp). My take is RNU has enough to get through procurement and key material deliveries but probably not enough for construction labour costs. However those costs don't land until you are already building meaning there is going to be offtakes which would allow debt funding. I can't see a need for more funds before FID or conclusion of detailed design.
I've tried to find what CXO took to FID and it looked to be...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $254.1M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $132.5K | 1.313M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 892440 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 1584251 | 40 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
10.3¢ |
Change
-0.005 ( 1.89 %) |
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| Open | High | Low | Volume | ||
| 10.3¢ | 10.3¢ | 10.0¢ | 1904494 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| RNU (ASX) Chart |