RXL 7.69% 12.0¢ rox resources limited

Getting low on cash here, less than 1 quarter left - so...

  1. 4,232 Posts.
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    Getting low on cash here, less than 1 quarter left - so cap.raise is incoming at these depressed prices. I Suspect the raise, in this market, will be done at a 20%-30% discount - perhaps this is what will take the SP down to the 14c support levels:

    "As at 30 June 2023, the Company’s cash balance was $3.5 million, a decrease of $4.8 million from 31 March
    2023"
 
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