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.
Ann: Investor Presentation - Diggers & Dealers 2023, page-16
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Last
17.0¢ |
Change
0.003(1.49%) |
Mkt cap ! $65.81M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 17.0¢ | $3.899K | 22.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 741613 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 48678 | 3 |
View Market Depth
| Last trade - 10.06am 28/05/2024 (20 minute delay) ? |
| RXL (ASX) Chart |