RXM 0.00% 46.5¢ rex minerals limited

Hi ChestermemateThat is a long hawl and take my hat off to youI...

  1. 940 Posts.
    lightbulb Created with Sketch. 65
    Hi Chestermemate
    That is a long hawl and take my hat off to you
    I am coming up-to 4 years holding rxm however feels a whole lot longer
    I bought more in mid 2022 at 14c and only now the sp is below my average 18.5c and am tempted to top up.
    personally I think the obvious reason for the decline is the copper price and the tge knock-on effect to expectations of a jv deal etc
    Its back in the doldrums and I doubt the rxm management seen this coming
    So I dont believe this environment is best time for rxm sh to be doing a deal for sale or JV to commence mining in the near future
    The bargain hunters are there and thats all
    Yes I think its a great time to start the mining process in anticipation of copper shortages in the near future however it doesnt sinc with our best outcome for partnerships or sale
    So its stalled for the time being
    I would like to see more drilling to widen the resource footprint and jorc size but I doubt too much will change
    unlike others here I see good potential at Hog Ranch and we realise a decent capital injection from its sale.
    thats my read of the situation anyway
    so I am happy to be patient till the worm turns
    best of luck to all holders
 
watchlist Created with Sketch. Add RXM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.