Now that Cu is on the Up the longer RXM stays cocked, i.e. ready to do a deal, the bigger chance of a T/O offer coming. Management will know that. The situation is greased by that equity that got issued at 17c. In fact, it's the reason Mgt asked for those options in Dec.
E.g if I look at SFR, it is priced highly, for $4.70 Cu per GS in today's S* head in the Aust.
I noted a questionable merger from WGX yesterday presumably catalyzed by the Au price.
All IMVHO.
PS NWC management asked for theirs and got them.
Now that Cu is on the Up the longer RXM stays cocked, i.e. ready...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $161.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 20.5¢ | $100.4K | 478.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 157141 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 30449 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
22.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 21.0¢ | 22.0¢ | 20.5¢ | 209184 | ||
| Last updated 15.51pm 02/05/2024 ? | |||||
| RXM (ASX) Chart |