RXL is looking like a coiled spring about to set off:
1) Consistently low Sell volume at any point in time.
2) Drilling results coming soon.
3) Good recent Company Update and Quarterly Report coming next week- ongoing regular news flow is expected to feed the market.
4) Price of gold keeps going up.
5) RIU Explorers Conference in a few weeks to showcase the company with excellent financial metrics discussed. PW recently quoted “restated” PFS at the current POG produces $AUD1.6m in free cash. What will the DFS production profile be worth?
6) No imminent capital raising risk to spook the share price as has been the case in recent years.
I am anticipating the share price to break 25c for good imminently. When the share market inevitably turns and money is transferred into precious metals investments, it makes for a very interesting 2025. It makes me suspect that a sustainable market cap for RXL less than $200m quite unlikely.
RXL Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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