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3.23%

15.0¢ rox resources limited

Farm out to Doray.... at least you will have the funds to get it...

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big mahn

11,604 Posts.

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16/05/16

08:56

Post #: 17773965
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Originally posted by grekk ↑

Hi Kates9999,
I have met and spoke to Ian recently at the Sydney RIU conference at the Sofitel in Sydney. I am a shareholder and I can tell you he left me worried. They are right on the borderline in regards to money. If they don't sell Teena we are in trouble. The execs are earning big salaries. Tek will have last right of reply so if RXL is squeezed for funds they will have no choice but to accept any offer. This was also put to me by several brokers on the night. I also met SGQ's chairman, John Prineas, who impressed me with his presentation. He doesn't earn a big salary and has put huge amounts of his own money into the company. SGQ is going places. Their nickel grades are far superior to RXL and they have gold exploration to come. Some of their grades were over 8% and shallow.Last year this time they were about 7 cents. Now they are at 17 while RXL flounders with their billion shares. If I could exit RXL at even money, I would gladly put it in SGQ.

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Farm out to Doray.... at least you will have the funds to get it proved up to a resource now...

RXL Price at posting: 1.3¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $57.48M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.0¢	$163.8K	1.089M

Buyers (Bids)

No.	Vol.	Price($)
2	368796	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	210000	3

View Market Depth

No.	Vol.	Price($)
13	6539315	0.008
15	12069642	0.007
5	2958583	0.006
5	3098180	0.005
3	1255003	0.004

Price($)	Vol.	No.
0.009	1924318	1
0.010	1406625	6
0.011	888479	5
0.012	621646	2
0.013	1000000	2

Last trade - 16.10pm 28/11/2024 (20 minute delay)

RXL (ASX) Chart