RXM - Rex Minerals

[explod]

Barry Fitzgerald in todays Age cites a recent float RXM, a gold explorer, having personnel from the old WMC.

He is enthusiastic about its management and its four or five prospect sites are in potentially good areas.

Shareholders include LHG 12%, AVO 12% and Lion Selection 4%.

Not a lot of available shares on the screen so patience will be required to accumulate.

Because of the big player interest thought it may be of interest to other gold followers.

 

[explod]

Care should be taken till some volume (support buying) comes into play. From the tenaments a steady flow of information will start to come in Fitzgerald says which should be reflected in volume which is very low at the moment.

 

[moneymajix]

Interesting. Cheers.

 

[Sean K]

LHG as in LGL?

And AVO?

Bizaar.

 

[Sean K]

Looks like they have just bought the handmedowns from BGF (LGL), AVO and Lion and that's why they've got such large holdings. Pretty spec at this stage. A few gravity anomalies.....

 

[explod]

Yes LHG v LGL dies hard as I have followed it so close for the last five years but very little since the code change.

I think taking on BDG was a big ask and I have also developed an aversion to sovereign risk over the last 12 months. Except NEM due to its spread and our rising dollar.

 

[Sean K]

I've been following this company for some time, and today they are up 250% plus, or something.

Something crazy because the drill results posted aren't that good.

Highlights from the recent drilling include:

Zanoni Fault Zone
· Down hole intersection of 259m @ 1.7% copper and 0.4g/t gold from 205m in HDD018W1* including,
o 26m (estimated true width of 11m) @ 4.4 % copper and 0.9g/t gold from 416m (estimated true width of 31m) @ 3.3% copper and 0.8g/t gold from 205m in drill hole HDD018
· 5m (estimated true width of 2.5m) @ 3.5 % copper and 0.6g/t gold from 447m in drill hole HDD018
Parsee Fault Zone
· 5m @ 0.8% copper and 276ppm Uranium Oxide (U3O8) from 439m in drill hole HDD016
· 18m @ 297ppm U3O8 from 509m in drill hole HDD016
· 2m @ 887ppm U3O8 from 544m in drill hole HDD016

Really, pretty average.

1.7% Cu from 400m+ WTF? and
276ppm U from 439m? eeek! - that's like dirt in Australia.... unbelievable.


Compare with CDU recent drilling:

ROCKLAND GROUP COPPER PROJECT (CDU 100%)

DRILLING DELIVERS MORE HIGH GRADE COPPER/COBALT RESULTS FROM INFILL DRILLING IN LAS MINERALE CENTRAL

Drill Hole LMRC 207
Copper Intersections
Intersected 132m @ 3.74% Cu fm 34m – 166m
Including 103m @ 4.38% Cu fm 34m – 137m
And 34m @ 8.57% Cu fm 54m – 88m
Cobalt Intersections
Intersected 149m @ 818ppm Co fm 17m – 166m
Including 63m @ 1240ppm Co fm 60m – 123m
Drill Hole LMRC 208
Copper Intersections
Intersected 94m @ 2.47% Cu fm 31m – 125m
Including 31m @ 5.14% Cu fm 71m – 102m
Cobalt Intersections
Intersected 122m @ 966ppm Co fm 3m – 125m
Including 96m @ 1104ppm Co fm 13m – 109m
And 20m @ 1412ppm Co fm 82m – 102m
Drill Hole LMRC 200
Copper intersections
Intersected 83m @ 1.42% Cu fm 70m – 153m
Including 52m @ 1.88% Cu fm 79m – 131m
And 11m @ 4.29% Cu fm 80m – 91m
Cobalt Intersections
Intersected 150m @ 482ppm Co fm 4m – 154m
Including 52m @ 932ppm Co fm 41m – 93m
And 36m @ 1019ppm Co fm 56m – 92m

Intersected 132m @ 3.74% Cu fm 34m – 166m

 

[Boggo]

Re: REX - REX Minerals

Not sure that your code is correct kennas, REX is an airline.

REGIONAL EXPRESS HOLDINGS LIMITED [REX]

Last Updated 15/10/2008

CORPORATE DETAILS
GICS Sector 20: Industrials
GICS Industry Group 2030: Transportation
Head Office 81-83 Bartex Rd, Mascot, NSW, 2020
Telephone (02) 9023 3555
Facsimile (02) 9023 3599
Website www.rex.com.au

First Listed 09/11/2005
Balance Date 30 June
AGM 15/11/2007

Dividend Reinvestment? None

PRINCIPAL ACTIVITY
Regional Express (REX) is Australia's largest independent regional airline.

 

[roofa]

Re: REX - REX Minerals

I've been following this company for some time, and today they are up 250% plus, or something.

Something crazy because the drill results posted aren't that good.





Really, pretty average.

1.7% Cu from 400m+ WTF? and
276ppm U from 439m? eeek! - that's like dirt in Australia.... unbelievable.


Compare with CDU recent drilling:



Intersected 132m @ 3.74% Cu fm 34m – 166m

Yes I read the announcement this morning after it had gone up from .19 to .32, didn't think that much of it, just goes to show-call my Shultz.
Code is RXM.

 

[Boggo]

Re: REX - REX Minerals

Yes I read the announcement this morning after it had gone up from .19 to .32, didn't think that much of it, just goes to show-call my Shultz.
Code is RXM.

Ta roofa, I was about to go looking for that code but you got there.

Now this is telling me I need more characters... that should do it.

Cheers

 

[Sean K]

Re: REX - REX Minerals

Ta roofa, I was about to go looking for that code but you got there.

Now this is telling me I need more characters... that should do it.

Cheers

Yeah, sorry about the incorrect code. Fixed.

I've been following this for the IO potential around the Ayre Peninsula which was supposed to be the extention of Mt Middleback and because of the high interest from some heavy hitters. LGL 13%, AVO 11% Lion 4%. I do note that the IO exploration target didn't even make their last presentation. lol

Hillside looks too deep to me at this stage unless they hit something really significant where the gravity anomoly is supposed to be.

Can't believe it hit 50c yesterday. The world still is crazy.

 

[J.B.Nimble]

Re: RXM- REX Minerals

.... Something crazy because the drill results posted aren't that good.



....

Compare with CDU recent drilling:

A bit unfair to compare with CDU. Their grades are just phenomenal - the best of the best. There would be plenty of copper explorers very happy with 250+m at 1.7% Cu but the depth is an issue...

 

[Sean K]

Re: RXM- REX Minerals

A bit unfair to compare with CDU. Their grades are just phenomenal - the best of the best. There would be plenty of copper explorers very happy with 250+m at 1.7% Cu but the depth is an issue...

Yes, you are right. Pretty good, and not even the target, I suppose. Not happy with myself for missing the opportunity I think. Just sat and watched, and watched, and watched.... lol

 

[JTLP]

Re: RXM- REX Minerals

And going again today...hitting a high of 75

Perhaps there is another catalyst behind this meteoric rise?

 

[UPKA]

Re: RXM- REX Minerals

And going again today...hitting a high of 75

Perhaps there is another catalyst behind this meteoric rise?

nop... more of publicity from the median than anything... a lot of talk up saying that this is going to be Olympic Dam like... way to early at the moment.

 

[trillionaire#1]

wow,big fluctuations here today!

bought in at about .55 this morning
sold at nearly .70

at one point there were 2.2million in the buy side
180000 in the sell.!

 

[shag]

Re: RXM- REX Minerals

nop... more of publicity from the median than anything... a lot of talk up saying that this is going to be Olympic Dam like... way to early at the moment.

what do u mean ...like olympic dam, ie a massive humongous mine of undertermind size(olympic dam is still open at a kilometer down)? or do u just mean the mix of metals are possibly similar?
u'd presume something as massive as olympic dam would have been found yrs ago, even given the size and remoteness of aus.

 

[Sean K]

Re: RXM- REX Minerals

what do u mean ...like olympic dam, ie a massive humongous mine of undertermind size(olympic dam is still open at a kilometer down)? or do u just mean the mix of metals are possibly similar?
u'd presume something as massive as olympic dam would have been found yrs ago, even given the size and remoteness of aus.

The talk may be potential size of OD which is the standard thing that pops out when someone hits something big or there's a big gravity anomoly anywhere in SA.

The company is just saying similar structure at this time:

The drilling completed by Rex at Hillside has shown that the Project has characteristics typical of an Iron Oxide Copper Gold (‘IOCG’) deposit such as Olympic Dam and Prominent Hill, with the potential for large scale copper, gold and uranium mineralisation.

But they are also ramping a big target too. Note the guestimate size of the gravity anomoly at depth.

 

[prawn_86]

Re: RXM- REX Minerals

The talk may be potential size of OD which is the standard thing that pops out when someone hits something big or there's a big gravity anomoly anywhere in SA.

Yeh back in the boom times, anyone that interstected a bit of copper and IO together called it an "Olympic Dam style deposit"...

 

[nunthewiser]

Re: RXM- REX Minerals

Yeh back in the boom times, anyone that interstected a bit of copper and IO together called it an "Olympic Dam style deposit"...

LOL yep i distinctly recall at least 4 using Olimpic dam to add to there headlines lol only thing is i cant remeber who now ... by the looks of it nor does the market

tell you what tho .RXM sure is getting ramped around the various forums/chatrooms at the mo

i DO like there market cap to be honest and definately leaves a lot of room to move up IF they can prove up anything

trade the moves in the meantime

blessem