You make a good point and therein lies the issue- potentially RML need to drill over 20 holes to find success. Or more. Or we could find success in the next two, which I am hopeful for. The last quarterly indicated there are 2 quarters of funding remaining (using the rudimentary ASX calculation in section 8 - not always accurate I know), so there is potential for a cap raise earlyish next year. I have to say that had the options not been part of the cap raise, the price would be higher as I am pretty sure many are de-risking by selling heads. IF we do get success then the options still hold a massive value.
Charts, page-39
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.220M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $4.02K | 2.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1313698 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 5411657 | 6 |
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| Last trade - 10.41am 04/10/2024 (20 minute delay) ? |
| RML (ASX) Chart |