Australia's largest stock trading and investment forum Australia's #1 stock forum

RXL

Click for more information

2.63%

19.5¢ rox resources limited

De-risking the Youanmi restart, page-19

First 19 Last

Share
Profile

Follow
m0ngy

10,075 Posts.

4852

29/10/22

12:35

Post #: 64473132
Share

Originally posted by m0ngy: ↑

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

Expand

RXL Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

1 Great analysis

Reply

Top Stories

Making money: How many microcaps should be in an investor's portfolio?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Finance school vs reality: What they don't teach you about the stock market

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

There are more pages in this discussion • 8 more messages in this thread...

First 19 Last

Add RXL (ASX) to my watchlist

(20min delay)
Last 19.5¢		Change 0.005(2.63%)		Mkt cap ! $80.06M

Open	High	Low	Value	Volume
19.5¢	20.5¢	19.0¢	$438.9K	2.201M

Buyers (Bids)

No.	Vol.	Price($)
6	88314	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	47615	1

View Market Depth

No.	Vol.	Price($)
6	88314	0.190
1	5000	0.185
2	12778	0.180
2	205657	0.175
5	321074	0.170

Price($)	Vol.	No.
0.195	47615	1
0.200	312629	3
0.205	96574	5
0.210	447901	6
0.215	100000	1

Last trade - 15.57pm 28/10/2024 (20 minute delay)

RXL (ASX) Chart