Rxl cash balance won’t last very long at current spend rate. They had 3.9m in the bank at the end of last quarter with an Estimated spend of 2.356m this quarter so that leaves 1.5m in the bank at this end of this quarter. The next Payment from teck isn’t due until feb 15 2023 which they will run of money before then that’s for 3.75m. So I believe there will be a capital raise this year. I do hold and like the proactive approach but they will need more cash.
WHY RXL is the best positioned gold and nickel junior, page-15
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13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.5¢ | $84.57K | 658.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1100484 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 786667 | 4 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |