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
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If RXL has to raise at, let's say 20c or a MC of c. $66m - max...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $156.1K | 1.178M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 521631 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 7922 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 321631 | 0.130 |
10 | 977146 | 0.125 |
7 | 1528726 | 0.120 |
3 | 67408 | 0.115 |
2 | 36699 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 249694 | 3 |
0.145 | 65000 | 1 |
0.150 | 74109 | 4 |
0.160 | 21774 | 1 |
0.165 | 126061 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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