There's absolutely no edge in buying right now unless you want to invest in RXL for the super long term.
Perhaps, but here are some factors that could be short and medium term share price drivers.
The added value of the new discoveries Paddy's Lode, Midway and Linda Gossan have pretty much been wiped out.
But we don't know enough about these discoveries to justify that and they could surprise on the upside.
For example, the IP Survey could show that Paddy's and/ or Midway are significant discoveries after all.
Linda Gossan has yet to be drilled after a stunning first hit.
There are other Youanmi Shear targets with a history of high grade gold hits that will be followed up now they are 100% Rox.
The market has under reacted imo to the consolidation of Rox and Venus. 100% ownership makes Rox much more attractive to instos.
The fall in the SP recently has been low volume and driven by Venus holders selling off their free Rox shares.
IMO Rox is oversold and ripe for a rebound.
There's absolutely no edge in buying right now unless you want...
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Last
27.5¢ |
Change
-0.020(6.78%) |
Mkt cap ! $201.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 27.0¢ | $693.6K | 2.501M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 301805 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
| RXL (ASX) Chart |