RXL 6.25% 15.0¢ rox resources limited

Any good solid company couldn't sustain meteoric rise...

  1. 29 Posts.
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    Any good solid company couldn't sustain meteoric rise indefinitely. It is healthy to pull back after rising from 2.5 cents to over 7 cents in fact 9.8 cents. IF RXL is a good company to invest, it is still good even if the price falls to 5 cents. There will always be day traders to speculate on companies like RXL. If you don't owe money to invest in RXL, you will be greatly rewarded as the long term trend is that it should probably rise above 10 cents in due time as there is a lot of high grade gold in the ground held by the company. Also Australia is a very safe country with good safe stable government that won't nationalise the mine as in countries like Thailand, the Kingsgate company left some bad memories for me because of change in government policies in mining. Australian gold mining juniors with actual gold in the ground will generally rise in share prices even if the companies never mine the gold in the ground, as other bigger gold producers are likely to buy out the juniors as there is only so much gold on the earth crust. So all those who believe in RXL be patient.
 
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15.0¢
Change
-0.010(6.25%)
Mkt cap ! $61.58M
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16.0¢ 16.0¢ 15.0¢ $181.7K 1.175M

Buyers (Bids)

No. Vol. Price($)
6 467205 15.0¢
 

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Price($) Vol. No.
15.5¢ 103377 4
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