Sentiment plays a large part and can change very quickly. Nobody wanted SFR stock not that long ago. I don't see much difference between Rex Minerals, and ARU or RNU -- except that the market is not paying attention to us at the moment. At some point that will change. I suspect a lot of discussion would be currently happening about RXM within the industry, and between our management and other companies behind the scenes.
Our resource isn't going anywhere. It's not like a smartphone chip patent/design that's being superceded by a faster, smaller design each day we're not in production. The copper will still be there in a year, or a thousand years' time and we'll continue to own the project.
I mean no disrespect to long term holders. I joined the RXM registrar only a couple of months ago. I totally understand the frustration from holders who have been here for years and know this company far better than I do.
My thesis is that it would be hard for even terrible management to stuff this up.
A tier one deposit, close to surface, tier one jurisdiction, close to port, with infrastructure in place, all permits in place, and an anticipated copper shortage ahead.
This from a Rex 2021 presentation although it's probably been used since:
DeGrussa at #9 is gone. Carapareena at #2 and Prominent Hill at #6 will add to BHP's huge overall company reserves. Leaving Hillside at #2 not under the control of a significant player and a company market cap of only $140 million. I can't see any way of either the mine not going ahead, or it not being bought by a larger company; just to have in its back pocket for a rainy day. Or perhaps even just to stop the possibility of a competitor acquiring it.
Maybe I'm too much of an optimist![]()
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Last
44.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $346.7M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 44.0¢ | $1.606M | 3.612M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1149600 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 2928247 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 149600 | 0.445 |
26 | 10780459 | 0.440 |
9 | 962390 | 0.435 |
7 | 178572 | 0.430 |
3 | 119294 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 2870497 | 46 |
0.455 | 760672 | 9 |
0.460 | 391195 | 12 |
0.465 | 1446372 | 9 |
0.470 | 1093786 | 19 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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