Call me a tad cynical but overnight I thought deeply and I fear the price rise could be potentially indicative of an impending Capital Raise in next 6-8 weeks. I have seen other companies with a similar pattern - management options are issued @ low SP then in preparation for a CR the SP spikes on no major news. Copper price did not go up 30% yesterday. How hard would it be for the likes of say a Credit Suisse or similar to influence price in a tightly held stock to maximise their % take on the CR they will be running?
Lets hope it is actually the beginning of a take over and not just a cynical cash grab by the current management and consultants that I imagined. If I was right then selling just after CR could be profitable for a buy back at lower levels a month or two later .....risky play though.
I changed my mind - must be a take over....
- Forums
- ASX - By Stock
- RXM
- Double digit SP
Double digit SP, page-16
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RXM (ASX) to my watchlist
(20min delay)
|
|||||
Last
46.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $360.3M |
Open | High | Low | Value | Volume |
46.0¢ | 46.5¢ | 46.0¢ | $432.3K | 939.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 6353986 | 46.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
46.5¢ | 8281167 | 53 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 6353986 | 0.460 |
13 | 6221744 | 0.455 |
8 | 1141153 | 0.450 |
2 | 43211 | 0.445 |
3 | 87749 | 0.440 |
Price($) | Vol. | No. |
---|---|---|
0.465 | 8281167 | 53 |
0.470 | 4364958 | 31 |
0.475 | 1117260 | 5 |
0.480 | 63316 | 5 |
0.500 | 45581 | 4 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
RXM (ASX) Chart |