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
13.5¢ |
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($) | Vol. | No. |
---|---|---|
14.0¢ | 561631 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 778219 | 0.130 |
5 | 221200 | 0.125 |
5 | 425008 | 0.120 |
2 | 13699 | 0.110 |
2 | 19055 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 561631 | 10 |
0.145 | 353599 | 3 |
0.150 | 299914 | 4 |
0.155 | 203972 | 3 |
0.160 | 313079 | 4 |
Last trade - 10.41am 03/09/2024 (20 minute delay) ? |
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RXL (ASX) Chart |