Your suggestion certainly makes sense. RMS is not absolutely out of the question to bid for RXL because they have a good cash pile so they do not have to issue shares at present. However, a larger player could take out RXL with their small change but still add materially to their future production profile.
RXL has been languishing for some time but I sense that is going to change shortly.
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 (20min delay)
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $227.6M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.0¢ | 29.5¢ | $437.3K | 1.448M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 69931 | 1 |
View Market Depth
| Last trade - 16.16pm 21/07/2025 (20 minute delay) ? |
| RXL (ASX) Chart |