RXL 3.57% 13.5¢ rox resources limited

In short, if they can find one more deposit like musket or...

  1. 54 Posts.
    In short, if they can find one more deposit like musket or fisher, I think we may have a great project of a scale and size which should put rocket under share price as everyone (including mid-tier nickel producers, instos, brokers etc) will start looking at. The icing will then be Teena (or a 4th kambalda style deposit) but news flow at Teena be restricted due to Teck and unlikely to excite market too much. A PFS focused on 3 regional deposit plays would look good IMO. Management are 2/3 of the way there so no time to rest! Temptation may be to drill up Musket and try move to PFS but I don't think that leaves management with enough hands to play across the investor/investment cycle. There are a lot of shares on issue already and dilution could be a big issue to get past bfs/dfs stage. However, Dilution doesn't become an issue if you have many hands wanting to get a piece of the pie... For me that means finding a third regional play....
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
13.5¢
Change
-0.005(3.57%)
Mkt cap ! $55.17M
Open High Low Value Volume
14.0¢ 14.0¢ 13.5¢ $25.78K 189.2K

Buyers (Bids)

No. Vol. Price($)
2 11707 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 67814 3
View Market Depth
Last trade - 13.13pm 16/08/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.