It is all very well having conspiracy theories but there is a reason the price is where it is. The deposit is valuable and should be a mine in time but the company does not have the finacial resources to do it. If the share price goes up then there will be a very dilutative capital raising which will desroy the share price again. So we are stuck in a range until there is a takeover or a joint venture with a bigger entity for mine financing. The financing should be a priority of the new CEO if he wants to see anything out of his 3 mill options at 90 cents. If he just keeps burning $15 million each quarter on the bankable feasabilty study the whole thing is going to run out of cash next year
RXM Price at posting:
66.5¢ Sentiment: LT Buy Disclosure: Held