RXL 1.96% 12.5¢ rox resources limited

Ann: Youanmi Gold Project - Positive Pre-Feasibility Study, page-49

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  1. 3,063 Posts.
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    I hate to throw a truthful perspective on the much thrown around concept of “manipulation” of every stock on the ASX. I am sure that big players in stocks with $10m+ turnover per day have some tricks. However, anyone placing a $200k RXL buy order could push the share price up a couple of cents this morning. The problem with the RXL share price right now is the lack of buyers. The shares on offer on the Sell side are real and not fictitious illusions that will disappear if someone places an adequate Buy Order.

    RXL has gone a long time without any drilling announcements, which are very important for small cap stocks. Hopefully, the current drilling campaign results, the Resources Rising Stars presentation next week, continued strength in the price of gold, and some new Analyst recommendations can put some much needed fuel into RXL share demand.
 
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