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mhanneman

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25/07/21

19:12

Post #: 54759475
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Originally posted by m0ngy: ↑

I have not been told that the IPO is fully subscribed and I don't get market sensitive info from Alex.
But Alex has 2 ambitions he is passionate about.
The first is to restart the Youanmi Mine.
The second is to launch Cannon and put in on the road to success in order to make us Rox holders money.
Alex had insto buyers lined up to buy any surplus Cannon shares some time ago.
He said the shares would be snapped up by his insto mates in a heart beat.
Of course he's right.
Nickel and battery metals are red hot commodities for which demand will soar for years to come.
WA is the world's best mining location.
Australia is not China nd that is becoming important..
Cannon will have a market cap of $15m with $5.3m in cash.
It will have funds to explore for a year without fund raising.
While other juniors are finding EM targets and getting big SP price improvements for colourful pics, Cannon already has a JORC certified resource.
The deal between Tesla and BHP to source nickel added to the appeal of Cannon.
I don't know what the price will be on opening but a market cap of $30m seems possible, that's a one bagger for us and a 50% gain on shares we paid for.
There will be positive news from the outset with promotion of the IPO.
40 cps?
I'm just guessing but its possible.
And if Cannon can add to Fisher or hit more thick disseminated massive sulphides along the 15 km strike at Collurabbie we will be off to the races.

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Onya m0ngy always love your input cheers.

RXL Price at posting: 44.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.010(6.25%)		Mkt cap ! $69.80M

Open	High	Low	Value	Volume
16.0¢	17.0¢	16.0¢	$58.09K	356.9K

Buyers (Bids)

No.	Vol.	Price($)
1	114697	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	173944	4

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No.	Vol.	Price($)
1	114697	0.165
3	51475	0.160
2	53548	0.155
5	162235	0.150
5	133100	0.145

Price($)	Vol.	No.
0.170	153944	3
0.180	174000	4
0.185	130000	2
0.190	54333	3
0.195	449961	4

Last trade - 16.10pm 08/11/2024 (20 minute delay)

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Onya m0ngy always love your input cheers.

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