"Can't see why the RXM SP isn't way above 20c, maybe closer to $3, and why there seems to be little interest from institutions".
There's a lot more shares on issue now than back then because the company had to issue a lot of new shares at discounted prices when it ran short on cash over the last few years. Even if the project value was the same as back then (which it's not) you have to share it between more shareholders because of the higher number of shares.
The project value is smaller than it was back in 2011 because it was (from memory) cut in half.
"Can't see why the RXM SP isn't way above 20c, maybe closer to...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RXM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
44.3¢ |
Change
0.003(0.57%) |
Mkt cap ! $340.7M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 44.0¢ | $1.335M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 10138524 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 3215618 | 15 |
View Market Depth
| Last trade - 12.45pm 19/07/2024 (20 minute delay) ? |
| RXM (ASX) Chart |