Do you really think that Hawkes Point would entertain selling Rox at a loss if the PFS shows buoyant economics? I am sure that HP’s average price is well north of $0.30 per share.
I find it extraordinary that some companies have gone down the path of spending $1b to acquire projects in Canada that all seem to fail (eg SBM and EVN). Why wouldn’t you invest in WA? SBM has a big cash pile that they could use to acquire RXL / Youanmi and get it into production. Instead it is pursuing producing gold concentrate in PNG, which is a very uncertain place to do business and also has expensive Capex plans to attempt to resurrect its Canadian operations that have been an abject failure.
Many producers are making enormous money at the moment so there are no shortage of entities that are well cashed up and would be able to snap up RXL without ringing their bank manager.
- Forums
- ASX - By Stock
- RXL
- Ann: Ceasing to be a substantial holder
Ann: Ceasing to be a substantial holder, page-11
Featured News
Add RXL (ASX) to my watchlist
(20min delay)
|
|||||
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.32M |
Open | High | Low | Value | Volume |
13.0¢ | 13.3¢ | 12.5¢ | $162.7K | 1.252M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 265704 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 292348 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 254104 | 0.125 |
8 | 191027 | 0.120 |
3 | 158750 | 0.115 |
3 | 28189 | 0.110 |
6 | 162356 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 250000 | 1 |
0.135 | 335386 | 4 |
0.140 | 328044 | 8 |
0.145 | 479895 | 6 |
0.150 | 244411 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
RXL (ASX) Chart |