If and when Rox needs to raise cash before the PFS in June will become clearer when we get the upcoming financial Quarterly showing the cash position at the end of Q1. I think Rox will raise by selling Fisher Gold /Eureka and will only issue new shares after the PFS. Fisher is the last large tenement 1,150km2 with +65km strike length in the prolific Yilgarn Craton that doesn’t yet have a major gold discovery and it has had very encouraging high grade hits. $10m?
There is wild volatility in the share price as shown by the share price gyrations and very wide Bollinger bands but the trend from the start of this month has been positive and suggests further gains (see below).
RXL and MAU a peer comparison, page-44
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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 |
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| Last trade - 13.13pm 16/08/2024 (20 minute delay) ? |
| RXL (ASX) Chart |