You're absolutely right, RXL gets the money back when production starts,
in the mean time RXL pays
100% to production, in my estimates roughly $45 million more then our share
Are you incapable of seeing this fact, and the dilution it will cause to the equity
of the company,
The deal should have been, as most other JV and that is, free carry to decision to
mine, if VMC couldn't meat it's obligations, VMCs position would reduce to an NSR.
Then we have a situation where RXL becomes 100% owner, for paying 100% to production
Instead VMC doesn't contribute one red cent and walks away with 30%.
Dilution, Mate, dilution, is the big pain in the butt, and the SP hurdle.
- Forums
- ASX - By Stock
- Rox's conservative and credible Scoping Study
You're absolutely right, RXL gets the money back when production...
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $55.17M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.5¢ | $25.78K | 189.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11707 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 67814 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11707 | 0.135 |
9 | 709924 | 0.130 |
7 | 266280 | 0.125 |
8 | 1501008 | 0.120 |
2 | 18198 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 67814 | 3 |
0.145 | 140000 | 2 |
0.150 | 164806 | 5 |
0.155 | 300972 | 6 |
0.160 | 361356 | 5 |
Last trade - 13.13pm 16/08/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |