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.
You make a good point and therein lies the issue- potentially...
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Last
4.1¢ |
Change
-0.004(8.89%) |
Mkt cap ! $22.06M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.8¢ | 4.0¢ | $831.5K | 19.41M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 500000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 209999 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| RML (ASX) Chart |