RXL 3.33% 15.5¢ rox resources limited

Ann: Positive Fisher East Scoping Study, page-23

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 20,035 Posts.
    lightbulb Created with Sketch. 381
    People may think that they have the comfort of time to hold speckies when sentient is poor and admission that mining boom is over but if a speckie is not generating cash where do you think successive capital injection comes from? There are fix cost of which management salaries are questionable if they have been warming a seat for a long time with nothing but the smoke screen of potentials to keep dangling that proverbial carrot.

    A quick dirty measure of success if management has been around "managing" a speckie is the number of shares on issues. If it keeps expanding and the SP keeps shrinking what does that tells you about dilution? For every hundred such speckies you find a gem like SFR or SIR but that keeps tempting rosy tints back for another lotto moment.
 
watchlist Created with Sketch. Add RXL (ASX) to my watchlist
(20min delay)
Last
15.5¢
Change
0.005(3.33%)
Mkt cap ! $57.48M
Open High Low Value Volume
15.0¢ 15.5¢ 15.0¢ $43.87K 287.1K

Buyers (Bids)

No. Vol. Price($)
8 491324 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 158433 3
View Market Depth
Last trade - 15.33pm 29/11/2024 (20 minute delay) ?
RXL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.