Hi all
Dont post often, but have been a holder for a long time.
Caught of guard with this ANN regarding the CR.
Dont think they need the cash just yet.
$5.6M as at 31-Dec-2021 - source ANN 15/02/2022, Investor Presentation, page 5
Someone clearly wants in at the cheap price. There are posts every day about how 'under valued' ROX is.
A big fish has done the math is taking advantage of the cheap price.
Usually CR are can be bad news - but, will see who is actually buying. Only facts so far are:
1. ROX dont need the money (yet) but perhaps been offered a large sum
2. CR not for retail - only Institutional (maybe they'll throw us something)
Any estimates for what is being offered. I'll go with $6M - 15M shares at 40c (9.5% discount, to 5 day VWAP)
Hi allDont post often, but have been a holder for a long...
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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 |