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
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $55.43M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $38.16K | 282.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 83966 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 121010 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 83966 | 0.130 |
5 | 389022 | 0.125 |
10 | 640516 | 0.120 |
6 | 177299 | 0.115 |
7 | 278189 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 121010 | 1 |
0.140 | 663353 | 12 |
0.145 | 360396 | 7 |
0.150 | 344411 | 6 |
0.155 | 140000 | 3 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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