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14.8¢ rox resources limited

while we are waiting for alex read rms Post #: 63661291...

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the flow

3,480 Posts.

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13/09/22

13:07

Post #: 63670624
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Originally posted by m0ngy: ↑

As shown below, at the end of the June Q, Rox had $4.441M in cash which at the Q2 rate of expenditure would fund 1.9 Quarters going forward, Rox adds that the cash flows will not continue in the short term so Rox has funding for all of 2022 imo
8.8.2 Rox explains that their Scoping Study that will progress early cash flow opportunities will allow the Company to raise further funding.
Clearly, Rox sees the Scoping Study as likely to re rate the Rox share price and attract investors.
Given that instos such as Hawke's Point paid 4 cps it is unlikely that Rox will offer any insto more shares below that share price.IMO
Rox is likely to raise money by way of a rights issue to existing holders, retail and insto.
Taking up the offer at a discount to the SP (which should be much higher than at present) will ensure our holdings are not diluted.
The Scoping Study is due in the current quarter.

My opinion DYOR

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while we are waiting for alex read rms Post #: 63661291 Resources and Reserves Statement 2022,
i had a quick read and you compare it to rox @Youanmi we do have very good resource ,

find alex and hold his rox

RXL Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 14.8¢		Change -0.008(4.84%)		Mkt cap ! $61.08M

Open	High	Low	Value	Volume
15.0¢	15.5¢	14.8¢	$32.17K	209.9K

Buyers (Bids)

No.	Vol.	Price($)
4	267207	14.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	17158	2

View Market Depth

No.	Vol.	Price($)
4	267207	0.145
5	361765	0.140
6	209673	0.135
8	858363	0.130
4	185334	0.125

Price($)	Vol.	No.
0.150	17158	2
0.155	286084	3
0.160	130936	4
0.165	75632	4
0.170	37421	3

Last trade - 14.05pm 19/07/2024 (20 minute delay)

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