Rox needs to raise cash to advance to a Feasibility Study.
While there are obvious doubts in the market about the company's ability to do that it's worth considering that insto holders hold 22% including Hawke's Point with 13.8% and the top 20 holders hold 26%. Venus has a major stake in the company and through its JVs is heavily invested in the Youanmi restart.
Rox has indicated that it wants to sell Fisher Gold (perhaps Eureka as well?) to focus on Youanmi.
Push comes to shove will the insto/ top 20 and Venus not support Rox through to a FS and DFS which will likely attract the low Capex needed to restart production?
After producing a conservative and credible Scoping Study will a failure to raise around $5m in funding to get into production see Rox stalled?
Imo Rox will get the funding it needs and when it does the current share price will be seen as laughable.
My opinion DYOR
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 13.0¢ | $38.48K | 285.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 77428 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 214871 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 77428 | 0.135 |
5 | 360786 | 0.130 |
8 | 604900 | 0.125 |
10 | 586231 | 0.120 |
1 | 8750 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 214871 | 5 |
0.145 | 479895 | 6 |
0.150 | 101644 | 2 |
0.155 | 105000 | 2 |
0.160 | 248281 | 2 |
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