RXL 2.78% 17.5¢ rox resources limited

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

  1. 89 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
17.5¢
Change
-0.005(2.78%)
Mkt cap ! $64.63M
Open High Low Value Volume
18.0¢ 18.0¢ 17.5¢ $22.46K 125.6K

Buyers (Bids)

No. Vol. Price($)
6 152492 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 100000 1
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Last trade - 10.27am 13/05/2024 (20 minute delay) ?
Last
17.0¢
  Change
-0.005 ( 5.56 %)
Open High Low Volume
17.5¢ 17.5¢ 17.0¢ 171308
Last updated 10.54am 13/05/2024 ?
RXL (ASX) Chart
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