RXL 1.92% 13.3¢ rox resources limited

Hi allDont post often, but have been a holder for a long...

  1. 168 Posts.
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    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)
 
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