RXM 0.00% 45.0¢ rex minerals limited

Double digit SP, page-16

  1. 14,132 Posts.
    lightbulb Created with Sketch. 705
    Call me a tad cynical but overnight I thought deeply and I fear the price rise could be potentially indicative of an impending Capital Raise in next 6-8 weeks. I have seen other companies with a similar pattern - management options are issued @ low SP then in preparation for a CR the SP spikes on no major news. Copper price did not go up 30% yesterday. How hard would it be for the likes of say a Credit Suisse or similar to influence price in a tightly held stock to maximise their % take on the CR they will be running?

    Lets hope it is actually the beginning of a take over and not just a cynical cash grab by the current management and consultants that I imagined. If I was right then selling just after CR could be profitable for a buy back at lower levels a month or two later .....risky play though.

    I changed my mind - must be a take over....
 
watchlist Created with Sketch. Add RXM (ASX) to my watchlist
(20min delay)
Last
45.0¢
Change
0.000(0.00%)
Mkt cap ! $352.4M
Open High Low Value Volume
45.0¢ 45.5¢ 45.0¢ $163.9K 363.8K

Buyers (Bids)

No. Vol. Price($)
52 4056386 45.0¢
 

Sellers (Offers)

Price($) Vol. No.
45.5¢ 2743955 42
View Market Depth
Last trade - 13.46pm 15/08/2024 (20 minute delay) ?
RXM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.