RXL rox resources limited

These clarifications are important because they set the record...

  1. 3,488 Posts.
    lightbulb Created with Sketch. 1152
    These clarifications are important because they set the record straight about recent drilling results. If people have the wrong information or misunderstandings, it can cause trouble for the mining company and its investors. By making things like the drilling direction, mineral types, and sample reliability clearer, people can make smarter decisions and have a more accurate idea of how well the mine might do. This information can also help guide future exploration and drilling, which is really important for making the mine successful.

    During a recession, gold prices tend to go up for several reasons. One reason is that investors often seek out safe-haven assets during times of economic uncertainty. Gold is considered a safe-haven asset because it is not directly tied to any particular currency or country's economy. As a result, demand for gold increases, and so does its price. Another reason is that central banks often implement monetary policies that increase the money supply in order to stimulate the economy. This can lead to inflation, which erodes the value of paper currencies. In contrast, gold is seen as a store of value that maintains its purchasing power over time, so it can be an attractive investment for people looking to hedge against inflation. Finally, gold is often seen as a hedge against market volatility. During a recession, the stock market can experience significant fluctuations, and investors may look to gold as a way to diversify their portfolios and reduce their overall risk exposure. All of these factors can contribute to an increase in the price of gold during a recession.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
29.5¢
Change
0.000(0.00%)
Mkt cap ! $220.3M
Open High Low Value Volume
30.5¢ 30.5¢ 29.5¢ $150.4K 506.6K

Buyers (Bids)

No. Vol. Price($)
2 67197 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.5¢ 73628 3
View Market Depth
Last trade - 16.10pm 30/07/2025 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.