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($) | Vol. | No. |
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17.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 152492 | 0.170 |
8 | 361670 | 0.165 |
19 | 1321268 | 0.160 |
10 | 552354 | 0.155 |
5 | 176089 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 100000 | 1 |
0.180 | 193263 | 7 |
0.185 | 134984 | 3 |
0.190 | 5000 | 1 |
0.200 | 50214 | 2 |
Last trade - 10.27am 13/05/2024 (20 minute delay) ? |
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Last
17.0¢ |
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Change
-0.005 ( 5.56 %) |
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Open | High | Low | Volume | ||
17.5¢ | 17.5¢ | 17.0¢ | 171308 | ||
Last updated 10.54am 13/05/2024 ? |
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MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
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