Not sure how spending unnecessary $ in the paddock would help speed up the BFS process done in the office or prop up the share price.
AFAIK the are no major holder selling and the current low prices are caused by a lack of interest from small players coupled with panicked small holders crying like little girls and jumping ship because of the apparent lack of support from the buyers side and lack of weekly reports from RXM regarding the progress of BFS. Yesterdays after hours 500k XT suggests larger holder accumulating but anyways...
Since we had 3480 holders holding 10,000 shares or less each at the 31 August count and 1072 of these holding a less then marketable parcel maybe the current low prices and lack of news will help reduce the number of insecure small holders in need of constant management reassurance to validate their decisions buying into RXM. Even better, RXM should take the current opportunity and offer to buy the parcels from the 1072 holders at 25c with no transaction costs and help these holders move to greener pastures.
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Float price was 25 cents, page-7
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Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M |
Open | High | Low | Value | Volume |
46.0¢ | 46.3¢ | 46.0¢ | $30.09K | 65.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 8442672 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 9213626 | 57 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 8442672 | 0.460 |
15 | 6748181 | 0.455 |
12 | 1405421 | 0.450 |
4 | 89544 | 0.445 |
4 | 112099 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 9213626 | 57 |
0.470 | 4325156 | 28 |
0.475 | 1117260 | 5 |
0.480 | 21650 | 4 |
0.500 | 45581 | 4 |
Last trade - 13.54pm 13/09/2024 (20 minute delay) ? |
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RXM (ASX) Chart |