I largely agree although when you float off a company it's usually good to have a second string to your bow. It allows you to re-balance and raise capital for the alternate when the primary commodity falls and/or undergoes a relatively long downturn. In the case of RXM itself, it shifted gear to gold at the Hog and Au, when Cu was in its dog years.
I don't think they are going to be putting a lot of money into Li exploration in the early years nor does it take much.
I am surprised people aren't aware of this. Although I do note many if not most RXM retail shareholders are very loyal and would be a different crowd trying to be appealed to for that action in a float of the Hog.
Note, I think current SH will be equally loyal to the Newco. It's not decided it will be floated off and if they do they better not call it something stupid like Conjugal like one of my others (an oil expl splinter in Uganda) has.
All IMVHO.
- Forums
- ASX - By Stock
- RXM
- Ann: Rex identifies lithium at Hog Ranch
Ann: Rex identifies lithium at Hog Ranch, page-17
-
- There are more pages in this discussion • 6 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 RXM (ASX) to my watchlist
(20min delay)
|
|||||
Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 45.0¢ | $336.5K | 746.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 7091165 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 1167871 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 7091165 | 0.450 |
11 | 7576293 | 0.445 |
12 | 285661 | 0.440 |
6 | 403970 | 0.435 |
5 | 137611 | 0.430 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 1167871 | 28 |
0.460 | 1974696 | 25 |
0.465 | 1469172 | 9 |
0.470 | 3251063 | 23 |
0.475 | 1066900 | 6 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online