RXL 3.70% 14.0¢ rox resources limited

@AntietamHere's some GENUINE observations;RXL with very little...

  1. 4,197 Posts.
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    @Antietam

    Here's some GENUINE observations;

    RXL with very little in the way of assets, no prize resource to speak of (debatable though lots of small refractory pockets and a super deep flooded cave are not exactly premier deposits that bankers wish to finance nor bigger players wish to purchase), and even though buying out VMC for 100% ownership was definitely a good move....

    RXL is not worth a MC of $83M.
    50 perhaps. Unless something new is found to excite the market.

    Let's see where this goes next, and whether the non holders (ex holder) are on the money or not.
    In any case, I can assure you, that none of the not held posters here are downramping with the expectation their words will cause a large price movement so they can buy under 18c.
    That kinda thinking is part of the disease friend.
    Last edited by Gibbaz: 27/09/23
 
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