RXM 3.85% 27.0¢ rex minerals limited

I largely agree although when you float off a company it's...

  1. 15,074 Posts.
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    I largely agree although when you float off a company it's usually good to have a second string to your bow. It allows you to re-balance and raise capital for the alternate when the primary commodity falls and/or undergoes a relatively long downturn. In the case of RXM itself, it shifted gear to gold at the Hog and Au, when Cu was in its dog years.

    I don't think they are going to be putting a lot of money into Li exploration in the early years nor does it take much.

    I am surprised people aren't aware of this. Although I do note many if not most RXM retail shareholders are very loyal and would be a different crowd trying to be appealed to for that action in a float of the Hog.

    Note, I think current SH will be equally loyal to the Newco. It's not decided it will be floated off and if they do they better not call it something stupid like Conjugal like one of my others (an oil expl splinter in Uganda) has.

    All IMVHO.
    Last edited by arsenic: 13/09/23
 
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