RSG 1.69% $1.17 resolute mining limited

Capital Raising..Hmmm

  1. 256 Posts.
    Below extract of today's announcement. Why are RSG raising capital, especially just after having a return of capital?

    Could they need the cash for a play on RBK, SPX, GGN or CML?


    Resolute Mining Limited has agreed to raise $7.7 million by way of a
    placement of 10.65 million shares at 72 cents per share to two
    institutional resource investors, African Lion Limited and Resource
    Capital Funds II LP.

watchlist Created with Sketch. Add RSG (ASX) to my watchlist
(20min delay)
Mkt cap ! $1.052B
Open High Low Value Volume
$1.22 $1.23 $1.16 $6.377M 5.381M

Buyers (Bids)

No. Vol. Price($)
13 192979 $1.16

Sellers (Offers)

Price($) Vol. No.
$1.17 36600 2
View Market Depth
Last trade - 16.10pm 10/12/2019 (20 minute delay) ?
-0.020 ( 1.56 %)
Open High Low Volume
$1.22 $1.22 $1.16 1322305
Last updated 15.59pm 10/12/2019 (live) ?
RSG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.