Consider a TO at 20 cps ie 25% premium to SP at 15cps. I would take it. Cost would be $41m but Rox has around $10 cash so cost is $31m but Rox also has Fisher Gold and Eureka worth $2m? So for less than $30m the Youanmi project plus the other JVs with Venus including the new discovery at Pincher Well could change hands in the current climate of negative retail sentiment. Think about that RR and directors. Retail sentiment may be more important than you think.
Sell off, page-4
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $56.98M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $35.74K | 259.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492573 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 366795 | 2 |
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| RXL (ASX) Chart |