It is hard to get my head around how RXL, on the cusp of a very good PFS ($700m+ NPV) with the POG comfortably staying above $AUD 3,000 per ounce, now for some months, is at a sub $60m market cap? The only logical conclusion I can come up with is a market perception of high financing risk. However, with a 50:50 capital/borrowings mix the debt payback period would be months rather than years so accessing finance should be straightforward. This is the story that RXL needs to sell to the market.
I would hope that the big CR to finance the project construction would be at > $0.40 per share. Am looking forward to the MRE and the next company presentation.
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $53.12M |
Open | High | Low | Value | Volume |
14.0¢ | 14.0¢ | 13.0¢ | $67.37K | 506.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 469991 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 7306 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 469991 | 0.130 |
7 | 458840 | 0.125 |
11 | 1560500 | 0.120 |
2 | 18198 | 0.110 |
1 | 9523 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 7306 | 1 |
0.140 | 98257 | 5 |
0.145 | 194622 | 2 |
0.150 | 120629 | 4 |
0.155 | 258972 | 4 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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