RXM

3.77%

27.5¢ rex minerals limited

Desertredlion "Maybe I'm too much of an optimist"Realist...

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23/01/23

20:48

Post #: 65839626
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Originally posted by desertredlion: ↑

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 It's not like a smartphone chip patent/design that's being superceded by a faster, smaller design each day we're not in production.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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Desertredlion "Maybe I'm too much of an optimist"

Realist Desertredion, a Realist. Everthing is going electric and it is going exponentially. Unfortunately there will not be enough copper.
And we all know what that means for RXM.

Mining Giant Glencore Sees Huge Deficit In Copper Coming 7/12/2022 — A huge shortage of copper is looming, mining and commodities giant Glencore said in an investor update this week.

RXM Price at posting: 26.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Last 27.5¢		Change 0.010(3.77%)		Mkt cap ! $211.1M

Open	High	Low	Value	Volume
27.0¢	27.5¢	26.5¢	$36.67K	136.4K

Buyers (Bids)

No.	Vol.	Price($)
2	47609	26.5¢

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Price($)	Vol.	No.
27.5¢	338630	10

View Market Depth

No.	Vol.	Price($)
2	47609	0.265
6	342303	0.260
5	364960	0.255
14	583763	0.250
1	44000	0.245

Price($)	Vol.	No.
0.275	325870	9
0.280	613739	14
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0.290	165128	6
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Desertredlion "Maybe I'm too much of an optimist"Realist...

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

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Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

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Desertredlion "Maybe I'm too much of an optimist"Realist...

Top Stories

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

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Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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Climate change to drive market trends to the moon

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Saturn’s stars have aligned for the gold explorer’s Apollo Project

KGL sniffs 19% Cu from drilling at Rockface play in NT

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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Sellers (Offers)

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