RXM rex minerals limited

moving up

  1. 9,519 Posts.
    lightbulb Created with Sketch. 9220
    Good to see the price start to move up on reasonable volume today. The next target is above the recent 43.5c high.

    The weird aspect of this stock is how a higher price is likely to beget a higher price. The higher the share price, the easier to raise funds to start the mine. Because the mine will look more likely with a higher share price, then the price is likely to rise further.

    Of course the opposite also applies, as I said very weird.

    It's been mentioned before about larger player making a T/O, yet any move in that direction would also just raise the share price and allow the company to float more shares to gain the needed capital.

    The downside risk is that nothing happens, followed by nothing. My opinion is that scenarion is unlikely.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.