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16.5¢ rox resources limited

it will flop as bagholders will flip itand due to liquidity...

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Corgi

2,271 Posts.

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27/04/24

14:28

Post #: 73537253
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Originally posted by Sumit000: ↑

Rox has done something unusual and very clever with this CR. Instead of the record date for entitlement being in the past it’s in the future. There is a narrow window of opportunity to buy Rox shares and gain the CR benefits.
This will draw new buyers to Rox.
The share price was 22.5 cps but is now 19 cps and the entitlement shares at 16.5 cps allows an average down + free options.
So this CR will appeal to holders but also attract new investors to Rox.
The major holders including Venus, Hawke's Point etc will take the offer and any other shares they can get at 16.5 cps.
The CR will be oversubscribed
Spec: With the gold price at a record high a period of intense M@A activity in the gold sector needs to be factored into a discussion on the right time to hold Rox.
A positive PFS will make Youanmi a very tempting target for a large miner like Ramelius. The CR offer is 16.5 cps and I wouldn’t rule out a TO at 70 cps+ before the end of the year. That’s a 4 bagger+

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it will flop as bagholders will flip it

and due to liquidity often the SP will end up trading lower then the CR SP.

why would RMS be interested? you tricked shareholders into thinking RMS would take over Rxl because of Grace and that blew up in everyones face

RXL Price at posting: 19.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $60.94M

Open	High	Low	Value	Volume
17.0¢	17.0¢	16.5¢	$119.6K	720.7K

Buyers (Bids)

No.	Vol.	Price($)
3	100999	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	75934	3

View Market Depth

No.	Vol.	Price($)
3	100999	0.165
12	607038	0.160
5	284354	0.155
5	252506	0.150
3	117619	0.145

Price($)	Vol.	No.
0.170	75934	3
0.175	57495	4
0.180	160500	5
0.185	134984	3
0.190	5000	1

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 16.5¢			Change 0.000 ( 1.49 %)
Open	High		Low	Volume
16.5¢	17.0¢		16.5¢	416369
Last updated 15.48pm 08/05/2024 ?

RXL (ASX) Chart

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