Sentiment plays a large part and can change very quickly. Nobody wanted SFR stock not that long ago. I don't see much difference between Rex Minerals, and ARU or RNU -- except that the market is not paying attention to us at the moment. At some point that will change. I suspect a lot of discussion would be currently happening about RXM within the industry, and between our management and other companies behind the scenes.
Our resource isn't going anywhere. It's not like a smartphone chip patent/design that's being superceded by a faster, smaller design each day we're not in production. The copper will still be there in a year, or a thousand years' time and we'll continue to own the project.
I mean no disrespect to long term holders. I joined the RXM registrar only a couple of months ago. I totally understand the frustration from holders who have been here for years and know this company far better than I do.
My thesis is that it would be hard for even terrible management to stuff this up.
A tier one deposit, close to surface, tier one jurisdiction, close to port, with infrastructure in place, all permits in place, and an anticipated copper shortage ahead.
This from a Rex 2021 presentation although it's probably been used since:
DeGrussa at #9 is gone. Carapareena at #2 and Prominent Hill at #6 will add to BHP's huge overall company reserves. Leaving Hillside at #2 not under the control of a significant player and a company market cap of only $140 million. I can't see any way of either the mine not going ahead, or it not being bought by a larger company; just to have in its back pocket for a rainy day. Or perhaps even just to stop the possibility of a competitor acquiring it.
Maybe I'm too much of an optimist![]()
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46.5¢ |
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Mkt cap ! $364.2M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 46.0¢ | $441.6K | 959.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 7694946 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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46.5¢ | 6530376 | 38 |
View Market Depth
No. | Vol. | Price($) |
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5 | 7694946 | 0.460 |
23 | 10552026 | 0.455 |
16 | 2583011 | 0.450 |
3 | 80661 | 0.445 |
7 | 219428 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 6552603 | 40 |
0.470 | 4190148 | 32 |
0.475 | 1099760 | 6 |
0.480 | 18950 | 3 |
0.500 | 45581 | 4 |
Last trade - 15.11pm 06/09/2024 (20 minute delay) ? |
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