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3.85%

13.5¢ rox resources limited

Ann: 5,000m RC exploration drilling program underway at Youanmi, page-19

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CashedUpBogun

8,241 Posts.

871

28/09/23

14:26

Post #: 70076408
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Originally posted by Gibbaz: ↑

@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.

Expand

I think the MC could drift down for sure. the FS is what the market wants to see, and how they view it will be interesting.

also, by 2024 we could see the restart of WMC - this is material to RXL. potentially their futures could be tied together.

RXL Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 13.5¢		Change 0.005(3.85%)		Mkt cap ! $54.97M

Open	High	Low	Value	Volume
13.5¢	13.5¢	13.5¢	$65.67K	486.5K

Buyers (Bids)

No.	Vol.	Price($)
8	838470	13.0¢

Sellers (Offers)

Price($)	Vol.	No.
14.0¢	186610	7

View Market Depth

No.	Vol.	Price($)
8	838470	0.130
13	1132652	0.125
8	1348910	0.120
3	67408	0.115
1	18181	0.110

Price($)	Vol.	No.
0.140	186610	7
0.145	170652	5
0.150	170864	3
0.160	151774	2
0.165	12000	1

Last trade - 15.04pm 04/07/2024 (20 minute delay)

RXL (ASX) Chart