Rox isn't late with its Quarterly Financial Report but it is leaving it to the very end of the month.
In its last quarterly the company stated the following (below) and now with the Scoping Study complete Rox will be working towards raising capital.
Selling Fisher Gold would have to be on the table along with selling their holding in Cannon to an insto. Hawke's Point may be interested.
If Rox have to fall back on an insto share issue or rights CR it will be just enough to advance Youanmi to completion of a Feasibility Study and no more, perhaps as little as $2m?
A CR on the back of positive FS will be much less dilutive than now and would take the company to a Definitive Feasibility Study.
A non dilutive CR will be welcomed by the market, especially if the amount raised takes Rox right through to DFS completion.
While a dilutive CR is not desirable with the share price so low, if it happens it will be small.
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