The share price is (currently) obviously a negative. Venus Metals are not free carried after a FID and will possibly be looking to offload their stake. I still believe that Youanmi will be taken over and not be developed by the current owners. VMC is a small cap company and would welcome a nice cash injection to continue its role as a management lifestyle company so I do not believe it is at all an enormous, insurmountable task to acquire VMC’s 30% stake in Youanmi so is not a “blocking” factor.
Youanmi looks like it is soon heading towards a 4m ounce resource and a 1m ounce + reserve soon. Every analyst going is predicting a USD$2-3k per ounce POG in 2023. I believe the current RXL share price is simply an overhang from the days of AP promising production within 6 months and a lack of shareholder trust that created. Trust will be regained, probably quite fast.
Ann: Midway Emerging as a New High-Grade Gold Discovery, page-21
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Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.32M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.3¢ | 12.5¢ | $162.7K | 1.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 265704 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 292348 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| RXL (ASX) Chart |