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22.0¢ rex minerals limited

Thanks for sharing your insights.My gut feel is that they are...

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moderndayyeti

294 Posts.

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28/04/21

12:07

Post #: 52778841
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Originally posted by Nowclear: ↑

I wouldn't think that there is a delay in "progressing the finance", I would say we are in the middle of it right now and this is the normal process of negotiating in a rising market. Commit too early when the price is lower and you may leave some money on the table, wait a little longer, the price of copper goes up, our margins go up, the risk goes down and the price of finance may improve. The cost of capital is a function of the perceived risk, as the price of copper goes up the risk to the project diminishes so we should get better rates of interest or have more to bargain with in a joint venture, who knows? This is my uninformed opinion and all this is conjecture.

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Thanks for sharing your insights.

My gut feel is that they are seeking a JV and not just finance, which is adding to the complexity to ensure it's structured correctly.

Any thoughts on timing of finance being completed?

RXM Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 22.0¢		Change -0.005(2.22%)		Mkt cap ! $168.9M

Open	High	Low	Value	Volume
22.5¢	22.5¢	22.0¢	$21.86K	98.63K

Buyers (Bids)

No.	Vol.	Price($)
1	22611	22.0¢

Sellers (Offers)

Price($)	Vol.	No.
22.5¢	94921	3

View Market Depth

No.	Vol.	Price($)
1	22611	0.220
2	99690	0.215
2	24634	0.205
7	1644000	0.200
1	7567	0.195

Price($)	Vol.	No.
0.225	84921	2
0.230	267281	6
0.235	189788	3
0.240	398277	6
0.245	115625	2

Last trade - 16.10pm 26/04/2024 (20 minute delay)


Last 22.0¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
22.3¢	22.5¢		22.0¢	30029
Last updated 15.11pm 26/04/2024 ?

RXM (ASX) Chart