Non Binding is exactly that.
It has some advantages for the client (Rex) in that they can enter 100 of these if they like with no legal ramifications.
That is also its disadvantage, no one REALLY has to provide anything if they don't want to. Its like going to an Auction, showing the highest bid and the auction house says.. you don't really have to buy it if you don't want to.
It's great to have an agreement in place for sure, it shows the market that companies are interested in investing into the project but its true value is only really what the market places on it as its actually not worth anything. Its like a paper profit.
Please don't take this as downramping I'm just stating the obvious.
Non Binding is exactly that.It has some advantages for the...
-
- There are more pages in this discussion • 11 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 RXM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
46.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 47.0¢ | 46.5¢ | $2.785M | 5.959M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 12145481 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 11954936 | 44 |
View Market Depth
| Last trade - 12.56pm 16/10/2024 (20 minute delay) ? |
| RXM (ASX) Chart |