BHP or OZ could get control of Rex in the twinkling of an eye at the current prices if they wish to. But they have made no advances. When Rex were in the $2.50 mark there was constant talk of Oz being the best possibility of them making a play. So it is obvious that BHP and Oz are not after Rex . It makes you wonder why they would not be interested and the share price continues to slide. Going back a year or so ago the Hillside project was getting great publicity and the papers all agreed that it could be the 3rd biggest copper mine in Australia very soon. So what is the problem with this stock that it has been in reverse all year long and the 45 degree downtrend is getting to be permanent.The top 20 investors are still hanging in there which is good . It is also interesting that only a small percentage of investors have forced the price down which is also rather unexplainable.
RXM Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
