RXL 3.85% 13.5¢ rox resources limited

Imo RXL's SP is being reined in on a daily basis again, and...

  1. 106 Posts.
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    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
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Last trade - 16.10pm 14/10/2024 (20 minute delay) ?
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