I don't like the dilution either.
Perhaps I live in Fairyland but had anticipated that a few more months of drilling at Hogs Ranch would double the gold reserves and lift the low confidence level of the market in Rex's management to new SP highs that better reflected the worth of the assets and consequently requiring less dilution to raise more capital. I had confidence in Richard L's track record so far to do just that.
But what do I know?
Ann: Rex announces successful completion of A$50m Placement, page-5
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $344.6M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.5¢ | $842.8K | 1.890M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 2514905 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 2708730 | 48 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| RXM (ASX) Chart |