As much as I don’t like the level of dilution to us, the materiality of the CR will mean the threat of an imminent CR is gone, so there will be some freedom for the share price to move upwards.
Apart from moving towards what will likely be a very solid DFS, this is the first time in a very long time that there is interest in the stock, be it daily trading or even comments on this forum.
The calibre of the new shareholders will be interesting. Even if the share price does drop to 14c, I expect it will be short lived and we will be nudging 20c again very soon.
RXL Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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