If RXL has to raise at, let's say 20c or a MC of c. $66m - max they can do via a placement would be c$9m. (15%)
Last Quarterly expenditure was $4.6m
so, $9m raise ain't gonna last long, if they can raise that is in the market.
This is highly likely to be a brutal period coming up for RXL.
This is the problem when you have to do a down round, devoid of decent results in a tricky market.
Survival will be top of mind here for Directors
Beware the pumpers - use the data available to make informed calls.
and always, always DYOR
Ann: Quarterly Activities and Cash Flow Reports - June 2023, page-49
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $57.01M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $17.27K | 124.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 133984 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 287179 | 6 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |