Meerkat
The RIO deal was to remove a major incumbance to the tenament.
The Tech deal is a JV with a major, something most minows never get to have. It is esencially a free carry for RXL on two fronts. The immediate capital, sure they could probably go it alone BUT what if it does prove to be a duster. What do we ahve left... zilch. This is pure risk adversion on RXL's part and secondly if the resource increases substancially then we have a serious partner to get the stuff out the ground.
Please look at some other JV's that on paper seem to be a one sided affair have actually benefited the company substancially.
I dont think RXL could have just raised capital at 3.8c (price prior to JV) to continue drilling. Firstly a significant dilution and then secondly a very short sighted approach to a long term problem. CAPITAL.
Good to see RXL support today. I bought some more today as I think we will get news prior to share placement finalisation and that it will be scaled back. I think hoping for a full $15K lot is wishful thinking considering the small SPP allocation to retail investors. Some will get caught with their pants down.
A last note from me is that I agree with some of the thoughts here regarding how this partnership will pan out in the long term. Time will tell.
IMHO & DYOR
- Forums
- ASX - By Stock
- RXL
- time for reflection i think
time for reflection i think, page-54
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
|
|||||
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $53.12M |
Open | High | Low | Value | Volume |
13.0¢ | 13.3¢ | 13.0¢ | $18.65K | 143.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 716924 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 173068 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 716924 | 0.130 |
10 | 481266 | 0.125 |
13 | 1600508 | 0.120 |
1 | 5000 | 0.115 |
2 | 18198 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 173068 | 4 |
0.140 | 80613 | 5 |
0.145 | 120000 | 1 |
0.150 | 120629 | 4 |
0.155 | 270972 | 5 |
Last trade - 10.45am 12/08/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |