With Cu prices around $3.30 and rising don't really care one way or the other. Copper price may not have gone up 30% yesterday but Rex was lagging. Last time copper was around $3.30/lb RXM was around 50c after sliding from $3+ on $4/lb copper prices.
Right now RXM mc barely more then the value of land owned by RXM on YP.
With Cu prices expected to go up to $4/lb next year I can't see that many holders jumping at take over offers below $1.
Double digit SP, page-17
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Last
45.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $352.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.5¢ | 45.0¢ | $108.4K | 240.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 40 | 3971004 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 2735781 | 33 |
View Market Depth
| Last trade - 11.29am 15/08/2024 (20 minute delay) ? |
| RXM (ASX) Chart |