My charting computer blowing a casket, page-47

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ozboypete

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25/01/25

11:39

Post #: 77559370
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Originally posted by smartdude: ↑

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.

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I agree with you smartdude, especially when those who purchased in the last CR have options at 25c. I'm expecting the next and final CR to be around 28c meaning the SP needs to be above 30c before the CR IMO

RXL Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 29.5¢		Change 0.000(0.00%)		Mkt cap ! $216.1M

Open	High	Low	Value	Volume
30.0¢	30.5¢	29.0¢	$433.9K	1.455M

Buyers (Bids)

No.	Vol.	Price($)
2	53300	29.5¢

Sellers (Offers)

Price($)	Vol.	No.
30.0¢	115000	2

View Market Depth

No.	Vol.	Price($)
2	53300	0.295
8	566571	0.290
4	119262	0.285
4	41300	0.280
5	245136	0.275

Price($)	Vol.	No.
0.300	115000	2
0.305	70000	1
0.310	120000	2
0.315	70000	1
0.320	225526	7

Last trade - 16.10pm 16/06/2025 (20 minute delay)

RXL (ASX) Chart

My charting computer blowing a casket, page-47

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