I think that there are legitimate pros and cons regarding the divestment. It is not an unambiguous transaction one way or the other. However, I believe the mega capital raising at 14c per share was a huge mistake. If a smaller CR was made to HP and a subsequent CR was made at 20c+, I would have preferred seeing RXL spending $5m on Mt Fisher- Mt Eureka with the view to selling it for $25m+ or alternatively developing the project in-house in 4-5 years. They appear to have given the asset away. The Royalty is OK but the cash consideration is way too low.
I think that there are legitimate pros and cons regarding the...
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Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $216.1M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $433.9K | 1.455M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 53300 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 115000 | 2 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| RXL (ASX) Chart |