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2.86%

17.0¢ rox resources limited

I think the MC could drift down for sure. the FS is what the...

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CashedUpBogun

8,162 Posts.

839

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.

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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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(20min delay)
Last 17.0¢		Change -0.005(2.86%)		Mkt cap ! $62.79M

Open	High	Low	Value	Volume
17.5¢	17.5¢	16.5¢	$138.5K	812.2K

Buyers (Bids)

No.	Vol.	Price($)
13	718475	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	186944	6

View Market Depth

No.	Vol.	Price($)
13	718475	0.165
18	915211	0.160
10	483290	0.155
7	225842	0.150
4	85689	0.145

Price($)	Vol.	No.
0.170	186944	6
0.175	176248	4
0.180	151388	5
0.185	237334	4
0.190	5000	1

Last trade - 14.08pm 23/05/2024 (20 minute delay)


Last 17.0¢			Change -0.005 ( 4.23 %)
Open	High		Low	Volume
17.0¢	17.0¢		17.0¢	400180
Last updated 11.23am 23/05/2024 ?

RXL (ASX) Chart