RXL 0.00% 15.5¢ rox resources limited

Ann: Offer to acquire Reward Zinc JV Interest,RXL-IMI.AX, page-59

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  1. 14,254 Posts.
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    maybe but it becomes one of the stronger junior miners on the ASX if it winds up with a lot of script in Teck much better that than some 2 bit operation on the ASX - the market cap is still low at 20 mill (even that telco with a CEO being sent to jail is at 14m market cap)  and/so still offers room to move and usually the market catches up with more realistic mc's at some point

    they still need to consolidate though

    This is Tecks last quarterly

    • Profit attributable to shareholders was $15 million and EBITDA was $468 million in the second quarter of 2016 compared with $63 million and $596 million, respectively, in the second quarter of 2015.

    anyway no point discussing pros or cons really until the deal is revealed I guess
 
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