Imo RXL's SP is being reined in on a daily basis again, and given today's much healthier gold price, I believe a takeover offer may well be on the cards EVENTUALLY. Exactly when and for what SP I'm not naive enough to speculate. But meanwhile the lower a predator can keep the SP the more generous they can claim a far-less-than-generous offer to be. RXL already has 3.2million ounces and, given recent drilling results, imo it's reasonable to expect a significant boost to that figure in the coming months. The SP has more than doubled since the transparent campaign to ensure the most recent CR would be held at a bargain basement SP. However the current SP is only at about the pre-Consolidation level. Any TO offer would need to be several multiples of today's closing price before I'd vote Yes. I'd hope that other holders - whether they are the major players or not - would be equally as resistant to any cheeky offers. And if no reasonable TO offers are forthcoming, I remain happy to stay patient until the company starts mining in its own right. PS: Is that the sound of the contrarians and downrampers chomping at the bit I hear?
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Last
14.0¢ |
Change
0.015(12.0%) |
Mkt cap ! $57.30M |
Open | High | Low | Value | Volume |
12.5¢ | 14.0¢ | 12.5¢ | $60.11K | 449.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 217999 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 44305 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 217999 | 0.125 |
7 | 534673 | 0.120 |
2 | 110000 | 0.115 |
6 | 213699 | 0.110 |
4 | 112355 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 44305 | 2 |
0.145 | 243434 | 3 |
0.150 | 209652 | 3 |
0.155 | 105000 | 2 |
0.160 | 257948 | 4 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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