ok, CR is definitely inbound soon. thanks for the heads up mongy

First 40 Last

Share
Profile

Follow
Corgi

2,431 Posts.

1801

10/12/23

00:26

Post #: 71366809
Share

Originally posted by Sumit000: ↑

The above points are intriguing and were the subject of questions not able to be asked at the AGM.
Alternative funding opportunities and Early cash flow almost certainly refer to the sale of part of future gold production at Youanmi at a discounted market price.
This option is becoming much more common these days and it presents many advantages over traditional debt or a diluting CR. It leaves more leeway for Rox, as they are not committed to cash but to a percentage of future sales or production. The lender does not require any restriction on the use of cash obtained which will be for exploration, FS and DFS and pre production expenses. Due diligence will be based on the upcoming MRE and Pre Feasibility Study. If lenders like the PFS metrics and considers that Rox will get into production quickly they will advance $20m or so to take Rox through to a DFS and pay some of the pre production funding. This avoids diluting the share registry at a time when Rox shares are very cheap relative to their likely value at the end of 2024. Rox will deliver repayment at an agreed price of gold for its first production. In effect this is an early cash flow for Youanmi.

It is a mark of confidence that the Rox Board is advancing this option because it is based on near term production.

Expand

ok, CR is definitely inbound soon. thanks for the heads up mongy

RXL Price at posting: 19.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

MGU

New results confirm Buena Vista's iron grades potential

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

MRC

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

KOB

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

There are more pages in this discussion • 15 more messages in this thread...

First 40 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 14.0¢		Change -0.010(6.67%)		Mkt cap ! $57.01M

Open	High	Low	Value	Volume
15.0¢	15.0¢	14.0¢	$57.43K	400.1K

Buyers (Bids)

No.	Vol.	Price($)
2	77728	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.5¢	30413	3

View Market Depth

No.	Vol.	Price($)
2	77728	0.140
5	665659	0.135
10	494923	0.130
5	325414	0.125
14	1573013	0.120

Price($)	Vol.	No.
0.145	30413	3
0.150	189814	4
0.155	361472	6
0.160	248410	7
0.165	70305	4

Last trade - 16.10pm 31/07/2024 (20 minute delay)

RXL (ASX) Chart

ok, CR is definitely inbound soon. thanks for the heads up mongy

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

New results confirm Buena Vista's iron grades potential

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

ok, CR is definitely inbound soon. thanks for the heads up mongy

Top Stories

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

New results confirm Buena Vista's iron grades potential

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Mineral Commodities to shut down Tormin mineral sands project as oil spill contaminates beach

Koba, formerly a cobalt player, gears up to become newest explorer in the uranium state: South Australia

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News