I agree with Potgut
Dec-Jan-Feb burn rates were around $1.5-2m/month. If that pulls back a little, one might think that RXL expect the share price to be substantially higher by the time another raise is needed two-four months out. That fits with juicy newsflow items being M0ngy-mooted to be announced pre-June-ish.
Just gotta wait.
I think I like Pink Floyd's cool-jazzy song about money a little bit better than Abba's.
I'm not a financial adviser, this isn't financial advice, do your own research.
I agree with PotgutDec-Jan-Feb burn rates were around...
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Last
13.3¢ |
Change
0.003(1.92%) |
Mkt cap ! $53.95M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $65.87K | 493.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 146015 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 385284 | 5 |
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| Last trade - 15.59pm 25/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |