Argueably RXL should be trading at a premium to 10c/12c - then a 1/3 less than that due to extra shares on issue compared to last year. Therefore 10 - 12c not overvalued right now.
1 year - as I have reminded before there was no Mt Fischer, no Marqua and no money in the bank...There was some big buying around 10c I suspect anyone still liking the story since then would surely be averaging in now....as the story has only improved.
TECK bought in at 5c for starters. Even worst case 6-7c seems fair value right now.
IMHO Myrtle is the only company maker(ATM) so waiting on drill results there. I will be waiting to third round of results as always give companies at 3 chances to hit targets however normally presents great trading opportunities when first rounds do not live up to expectations....
Stand by my 16.5c March 2012 price target (obviously Myrtle drill results dependent)
Exciting end to the year GLHs!!
10c october last year
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.30M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $250.6K | 1.792M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 211428 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RXL (ASX) Chart |