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
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $62.79M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.5¢ | $14.96K | 88.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 608776 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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17.0¢ | 94905 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 608776 | 0.165 |
18 | 967742 | 0.160 |
10 | 483290 | 0.155 |
9 | 375842 | 0.150 |
5 | 185689 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 94905 | 2 |
0.175 | 161248 | 3 |
0.180 | 161185 | 5 |
0.185 | 237334 | 4 |
0.190 | 5000 | 1 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
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Change
0.005 ( 2.94 %) |
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Open | High | Low | Volume | ||
16.5¢ | 16.8¢ | 16.5¢ | 242633 | ||
Last updated 15.17pm 24/05/2024 ? |
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