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(3.57%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
13.5¢ | 13.8¢ | 13.5¢ | $43.08K | 319.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 623025 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 242806 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 421025 | 0.135 |
3 | 413846 | 0.130 |
6 | 320000 | 0.125 |
8 | 535890 | 0.120 |
3 | 64099 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 201304 | 3 |
0.145 | 479895 | 6 |
0.150 | 101644 | 2 |
0.155 | 105000 | 2 |
0.160 | 248948 | 3 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
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