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23.0¢ rex minerals limited

VIDEO: Rex Minerals Richard Laufmann interview with TMH, page-9

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moderndayyeti

296 Posts.

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23/07/21

14:27

Post #: 54724050
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Originally posted by ynotinvest: ↑

I think the market is assigning a significant probability to the possibility that the Management won't be able to get this project off the ground. With a long history of broken promises, i can understand why.

If this was any other miner, the share prices would have skyrocketed, which would allow the company to do significant equity raising to then support debt financing.

For Rex, it appears the share prices probably won't move until some sort of financing is secured, which is what we need to get the financing in the first place. It looks to me that the financing will need to be sourced by selling Hogs or bringing in a JV partner.

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I'd love if they brought in a JV for mining capital and expertise.

RXM Price at posting: 37.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 23.0¢		Change 0.010(4.55%)		Mkt cap ! $168.9M

Open	High	Low	Value	Volume
22.0¢	23.0¢	22.0¢	$134.4K	595.2K

Buyers (Bids)

No.	Vol.	Price($)
1	50000	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	195005	3

View Market Depth

No.	Vol.	Price($)
1	50000	0.230
5	93686	0.225
8	162004	0.220
3	420651	0.215
7	245380	0.210

Price($)	Vol.	No.
0.235	195005	3
0.240	315722	4
0.245	115625	2
0.250	207472	4
0.255	90000	2

Last trade - 11.37am 08/05/2024 (20 minute delay)


Last 23.0¢			Change 0.010 ( 4.55 %)
Open	High		Low	Volume
22.0¢	23.0¢		22.0¢	279975
Last updated 11.47am 08/05/2024 ?

RXM (ASX) Chart

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