RXL will cycle up and down as this story unfolds.
Very easy to get chicken and run to protect profits.
However, can I say that the numerous people I known who are young and retired from their wealth made in the market they did not make from trading and running quickly.
It is by standing by the story and watching a good trade turn into a multi-bagger.
Trying to trade the highs and lows and new announcements in my opinion only triggers taxes on profits, trading slippage and ultimately dramatically increases the odds of watching the story unfold from the sidelines.
The reasons to stay the course in RXL's case is that todays announcement confirmed the conductor as representing massive mineralisation. With nickel orebodies in particular these geophysical anomalies are very reliable once confirmed as being a nickel body.
So from here drilling out the rest of the conductor has a very high chance of further success.
It also bodes very well for the other anomalies along strike.
While the market cap of RXL is still very modest, this is still a buy not a sell to take profits.
I am aexpecting more DDH visual results before we see any assays of the first DDH.
all my opnion of course.
gosouth
- Forums
- ASX - By Stock
- RXL
- dont get shaken out
dont get shaken out
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXL (ASX) to my watchlist
|
|||||
Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.91M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $156.9K | 1.186M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 704470 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 25903 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 704470 | 0.130 |
13 | 1132652 | 0.125 |
9 | 1354510 | 0.120 |
3 | 67408 | 0.115 |
1 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 25903 | 1 |
0.140 | 35998 | 3 |
0.145 | 170652 | 5 |
0.150 | 170864 | 3 |
0.160 | 151774 | 2 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
RXL (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online