RXM 1.96% 25.0¢ rex minerals limited

Future For Rex Minerals, page-55

  1. 15,042 Posts.
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    You may just have managed to pick the bottom. Good work.
    Best of luck with your new share.

    BTW my assessment of what happened with that sell-off was that there was a single or few momentary trades where the Cu price registered at $2.50/lb. Who knows if it was a fat-finger error of what? It was enough to stampede the jittery. The Cu price went back up to the $3.50 or so range well within a day.

    I do have a suspicion of what caused the panic. Apparently, someone stole quite a bit of copper from one of the Warehouses. A similar thing happened in Ni earlier in the year when they discovered bags of rocks where they should have been bags of nickel.

    Anyway, there is a very old stock market saying "In times crisis, shares pass from weak hands to strong". At my old work, they used to call me "The Guru" because I kept repeating aphorisms like that. Probably a tongue-in-cheek internal joke but I didn't mind it meant my head was in the game.

    All IMVHO
    PS: You guys know my recent one "Old dogs for a hard road".


    Last edited by arsenic: 16/10/23
 
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