RXL 0.00% 14.5¢ rox resources limited

If RXL has to raise at, let's say 20c or a MC of c. $66m - max...

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    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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