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
14.5¢ |
Change
0.013(9.43%) |
Mkt cap ! $59.05M |
Open | High | Low | Value | Volume |
14.0¢ | 15.0¢ | 13.8¢ | $262.7K | 1.827M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 39652 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 161294 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 24652 | 0.140 |
2 | 518437 | 0.135 |
10 | 425100 | 0.130 |
7 | 685030 | 0.125 |
12 | 1522013 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 161294 | 4 |
0.155 | 413972 | 3 |
0.160 | 158777 | 7 |
0.165 | 75632 | 4 |
0.170 | 15647 | 2 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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RXL (ASX) Chart |