RXL Share price faces 3 problems at the moment
(i) There are many hits but it isn't yet clear how big the pit potential is just yet. There are hits and misses so the SP may not move significantly for a while until results become a little clearer.
(ii) Global Gold sentiment has fizzed a little compared to a few months ago.
SPX nearology has really fizzed since VMC bought on the law suit so the moment for all 3 stocks have pretty much stagnated.
SPX did very well to drive the momentum and interest with both the public and institutional buyers so everyone jumped on board RXL/VMC as well.
(iii) day traders/large buyers driving this down
Meanwhile it is a slow and long wait for everyone who holds.
Ann: VMC: High Grade Gold Mineralisation extended at Currans JV, page-35
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Last
19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $80.06M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.0¢ | $438.9K | 2.201M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 88314 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 47615 | 1 |
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| Last trade - 15.57pm 28/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |