Matchbox,
now that post deserves plenty of thumbs.....
i still don't see the purpose of Resolution 5 being voted for at the AGM when somehow they where able to issue a significantly larger amount...... but anyway....
$5,000,000 is exactly the kind of cash backing that was required for RXL to drill the high grade target area & significantly increase the resource base....
if that is done & proves succesful the next player coming in with 70/30 JV offer will be paying a much larger sum...
The company is a zinc explorer, that is why people invested in the company - to extract value from Myrtle, not a half way journey to then palm off the larger part when significant realisation of the resource is only a drilling program away.....
I do think Teck is a very impressive partner to have on the project -
but should they be there at this point ?
i don't think so.....
Management state that they continue to find ways to deliver shareholder value----
do i think so ?
not really...
While i don't mind the Marqua project - that is not why people invested - it's not the time to walk away from a long held project and start a new one.....
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- time for reflection i think
Matchbox,now that post deserves plenty of thumbs.....i still...
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15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $65.15M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.5¢ | $7.156K | 45.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 78448 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 102281 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 90112 | 0.155 |
3 | 601149 | 0.150 |
2 | 100000 | 0.145 |
6 | 364765 | 0.140 |
6 | 159673 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 102281 | 2 |
0.165 | 45906 | 4 |
0.170 | 145647 | 3 |
0.175 | 33844 | 4 |
0.180 | 64018 | 3 |
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