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.
It is hard to get my head around how RXL, on the cusp of a very...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $55.17M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $27.17K | 201.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 778219 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 561631 | 10 |
View Market Depth
| Last trade - 10.41am 03/09/2024 (20 minute delay) ? |
| RXL (ASX) Chart |