I'm now in a profit situation. I understand where you're coming from, but given where I see RXL heading, I'm not sure there is such a thing as holding too many shares. I'm not selling any until the SP goes MUCH higher. Brokers are still trying hard to peg the SP back for their clients to pick up cheapies before new drilling results are forthcoming (witness the day-long blocking order at 24c that disappeared at the close but may well reappear on Monday). However, strong evidence remains of a big and building demand for RXL shares. How high can the SP rise? I've read TO suggestions on this forum like 60c and $1. Personally, I'm not sure a TO offer would succeed even at $1, but we're in the hands of "Big Money" holders so I'm happy to wait until they sort it out among themselves. And the higher the gold price goes, the more I'm prepared to wait. All in my opinion. DYOR and GLTAH.
RXL Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
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