On Friday morning 2nd June 2023 it was reported by newspapers that:
Funds for explorers plummet by $1.67b and that explorers are facing an uphill battle to source funds, with a new report showing investment fell off a cliff in the March quarter as a consequence of economic and geopolitical uncertainty.
Financing cash inflows more than halved from $3.02 billion in the December quarter to $1.35b, according to research by professional advisory firm BDO.
Exploration and investment spending fell 17 per cent and 51 per cent respectively, while the number of ASX-listed exploration companies plateaued at 787.
And what does the Rimfire board do? It rejects,without any explanation, a $4.0 million funding package from Anton Billis's company Lake Grace Pty Ltd , which was unquestionably most favourable to shareholders. The condition of the offer was that the existing board resign.
Could this have been the real reason for the rejection? Hmmmmm!
- Forums
- ASX - By Stock
- RIM
- Ann: Section 708A Cleansing Statement
Ann: Section 708A Cleansing Statement, page-3
Featured News
Add RIM (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $91.77M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 4.0¢ | $206.3K | 5.086M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25500 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 782793 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25500 | 0.039 |
1 | 346840 | 0.036 |
2 | 125120 | 0.034 |
1 | 500000 | 0.033 |
1 | 40 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 782793 | 1 |
0.041 | 953164 | 3 |
0.042 | 823882 | 3 |
0.043 | 1152492 | 4 |
0.044 | 727272 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
RIM (ASX) Chart |