RXL is getting torched because the two discoveries are so far not discoveries.
the market also doesn't like when a company pivots from its original mission - its now reading like a discovery is required to make the project.
updating the MRE and scoping study will be the next trigger - upwards or downwards. building a mine in this environment is a no-goer. especially a refractory one but let's see what the numbers look like.
RXL is getting torched because the two discoveries are so far...
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $52.91M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $187.0K | 1.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 72277 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 107911 | 4 |
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| Last trade - 15.41pm 24/06/2024 (20 minute delay) ? |
| RXL (ASX) Chart |