RXL 10.3% 16.0¢ rox resources limited

rxl could be the next sir, page-6

  1. 239 Posts.
    I hope for you wantoretire30 you have some, as you have to be in it to win it and achieve your clear desire to retire at age 30?

    Given the amount of work TECK have done by now and good drilling results I would not be surprised if comparisons to Macurthur River start entering the annnoucements from now on. This will get national and international attention and may make my 16.5 and nine lives 20c possible price pessismistic, as various parties eg XSTRATA try a block RIO's head start into the registry.

    Theres little point in mentioning that spec shares can go broke thats their nature, negative cash flow and dilution of existing equity are part and parcel of investing in the spec end of the market so it is easier to "pick on" specs rather than remain optimistic.

    I remain optimistic as Myrtle could be another Macurther River therefore little RXL could have 30% of a $200bil asset. Or they could go broke - like they nearly did 2 years ago just look at the auditors comments back then....

 
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Last
16.0¢
Change
0.015(10.3%)
Mkt cap ! $65.15M
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15.0¢ 16.0¢ 15.0¢ $83.51K 553.2K

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No. Vol. Price($)
1 51532 15.5¢
 

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Price($) Vol. No.
16.0¢ 153815 4
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
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