Firstly, a shareholder cannot acquire more than 20% of a company without triggering a takeover:
https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/the-20-rule/
Secondly, the PFS delay is no major surprise to me. I previously speculated that it may land early, however I made the radical move of asking the company and was told that it being announced in June was tight (a couple of months ago). I am actually delighted that RXL are exploring multiple processing options. I also believe that based on my understanding of the RXL/Hawkes Point relationship, Hawkes Point are keeping RXL honest.
Firstly, a shareholder cannot acquire more than 20% of a company...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $156.1K | 1.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 521631 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 7922 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |