RXL 8.82% 15.5¢ rox resources limited

Next Capital Raising?

  1. 792 Posts.
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    What's everyone feelings on the next capital raising?

    Rox had $about 1.12m in the bank at March 31 and was looking to spend about $350k in the current quarter.
    By the end of June cash should be down to about $750k or so.

    My guess is a cap raise in the next few weeks is likely at maybe 2cents? Thoughts?
    How much do they need to raise now that some of the projects are getting to feasibility stage?

    This would certainly put a cap to the share price in the short term unless Teck themselves come out with a positive follow-through announcement on their plans for Teena.
 
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