This is the first time in months that RXL is making me turn to drink for all the right reasons!
Now that gold is becoming in vogue at the retail investor level and many gold stocks are moving to highs, RXL, with new management, robust project financials, being an advanced project and with the share price still very low historically, I expect that RXL will generate interest when generalist investors are looking to make a gold investment and seeking value.
What RXL has lacked for months is buying volume. If we can maintain 1m-2m shares daily trading volume I expect RXL to trend up to 30c per share in the near term.
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