RXL 6.25% 15.0¢ rox resources limited

Just bought some RXL and can't believe that this stock has been...

  1. 697 Posts.
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    Just bought some RXL and can't believe that this stock has been left behind by the market.
    Market cap approx 20 mill, cash 13 mill and a JORC compliant resource.

    This stock is
    1. a great candidate for a take over
    2.a good announcement flow soon -mostly proving up a resource.
    3.In the right space at the right time

    What will endear this stock to the market is a clear intention by the board to start mining and have a cash flow positive project.Guess they're just waiting to prove up a resource.

    BTW, some BOT activity evident with single share trades.Take this as a good sign.Some trading brokerages(usually US based I suspect) have let loose an algorithmic program on our dear little ROX.
    Nothing to fear,just getting noticed.

    Also note some palladium somewhere(from memory).Nice bull in that commodity also since 2016 but hope the directors get their skates on as this bull may get stale unless it is just ending wave 1 of a 5 wave formation a la Mr Elliot with a lage third wave and a massive 5 th to come.

    For us,patience.
    For the directors,now is the time to "take the bull by the horns".Don't think ROX is a "bum steer."
 
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Last
15.0¢
Change
-0.010(6.25%)
Mkt cap ! $57.48M
Open High Low Value Volume
16.0¢ 16.0¢ 15.0¢ $181.7K 1.175M

Buyers (Bids)

No. Vol. Price($)
6 467205 15.0¢
 

Sellers (Offers)

Price($) Vol. No.
15.5¢ 103377 4
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
RXL (ASX) Chart
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